ETH/USDT – 30M – SELL

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

A bearish trend down to the next support line at 3601.560000000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 3767.130000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

There is also a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

3767.130000000 – 3747.000000000 – 3771.000000000 – 3601.560000000 – 3599.440000000 – 3502.850000000 — 65.509886728756 – 59.686606188764

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double bottom retreat down –