ETH/USDT – 1H – SELL

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1882.22004 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 2148.39 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

2148.39 – 1935.52 – 1983.13 – 1800 – 1847.46 – 1922.97 —
2049.480000000 – 2013.690000000 —
57.27261221527 – 36.309053210576 —
– —
2148.39 – 1772053200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –