ETH/USDT – 30M – SELL

Besides a ‘Double bottom retreat down’ chart formation is detected. The chart picture shows ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.

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

A bearish descent down to the next support line at 4153.170000000 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 4332.600000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘RSI fall below 70’ indicator signal is detected. The indicator is ‘RSI fall below 70’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘StochRSI fall below 80’ indicator signal is detected. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Bearish Belt Hold’ candle pattern is detected. The candles show ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

4332.600000000 – 4246.650000000 – 3716.610000000 – 4153.170000000 – 3647.630000000 – 3574.050000000 — 53.947523910724 – 45.584964992473

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