ETH/USDT – 30M – SELL

The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.

The bearish trend downwards to the next support line at 1652.09 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1685.65 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Two Crows’ chart pattern is found. The candles form ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1685.65 – 1682 – 1693.59 – 1652.09 – 1660.93 – 1632.71 —
1678.510000000 – 1685.930000000 —
55.232002494078 – 60.870561071584 —
– —
1685.65 – 1781256600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –