ETH/USDT – 1H – SELL

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

A bearish trend down to the next support line at 3546.000000000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 4388.650000000 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 4225.86 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 4388.650000000 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Engulfing’ chart pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency 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%.

4388.650000000 – 4576.000000000 – 4672.670000000 – 4225.860000000 – 4372.540000000 – 4368.000000000 — 35.332817107784 – 30.665239946696

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