ETH/USDT – 1H – SELL

The pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 1590.8 will continue.

Caution: A possible trend reversal in the direction of resistance at 1721.93 could happen.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1721.93 – 1893.07 – 2004.13 – 1590.8 – 1717.28 – 1816.92 —
1683.490000000 – 1694.460000000 —
47.539521803162 – 53.133102483906 —
– —
1721.93 – 1780869600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –