ETH/USDT – 1H – SELL

The currency pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support at will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1693.59 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1693.59 – 1667.96 – 1714.5 – 1603.44 – 1606.01 – 1614.02 —
1678.420000000 – 1685.650000000 —
57.496189216778 – 58.115110673712 —
– —
1693.59 – 1781197200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –