ETH/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 4576.890000000 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 4692.360000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Southern Doji’ candlestick pattern is detected. The candles show ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

4692.360000000 – 4769.360000000 – 4481.090000000 – 4576.890000000 – 4605.000000000 – 4350.010000000 — 41.970859905361 – 41.275130856072

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – Double top chart pattern – –