ETH/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support at 1679.11 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 1796.08 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Shooting Star’ chart pattern is found. The candles form ‘Shooting Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

1796.08 – 1810.21 – 1839.77 – 1679.11 – 1671.79 – 1722.24 —
1730.000000000 – 1740.910000000 —
61.953731242277 – 59.741039037733 —
– —
1796.08 – 1781715600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Shooting Star – Symmetrical Triangle Chart Pattern – –