ETH/USDT – 30M – SELL

Then a ‘Double bottom retreat down’ chart layout is existing. The chart shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support at 4270.810000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 4336.020000000 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 4289.515 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 4336.020000000 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.

4336.020000000 – 4311.230000000 – 4315.350000000 – 4270.810000000 – 4276.760000000 – 4236.000000000 — 56.259262487145 – 53.429381787868

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