ETH/USDT – 1H – SELL

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1650.36 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 1697.28 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Bearish Belt Hold’ chart pattern is discovered. The chart forms ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1697.28 – 1691.07 – 1693.59 – 1652.09 – 1603.44 – 1606.01 —
1683.280000000 – 1678.550000000 —
55.393882577013 – 44.664152810601 —
– —
1697.28 – 1781384400

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –