ETH/USDT – 4H – SELL

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

A bearish descent downwards to the next support at 1671.79 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1849.54 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Bearish Belt Hold’ candle chart pattern is discovered. The chart shows ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1849.54 – 1693.59 – 2141.98 – 1671.79 – 1654.9 – 1603.44 —
1703.400000000 – 1731.760000000 —
41.058285568223 – 50.698490772804 —
– —
1849.54 – 1781524800

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