ETH/USDT – 30M – SELL

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

A descent down to the next support at 3252.000000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 3403.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 3293.11 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 3403.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

Download ETH/USDT Signal Image

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing