ETH/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support at 2007.17 will persist.

Caution: A possible change in the direction of the resistance line at 2088.19 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

2088.19 – 1979.8 – 1996.04 – 2007.17 – 2008.65 – 1989.12 —
2077.590000000 – 2074.940000000 —
59.871582536478 – 60.039346847227 —
– —
2088.19 – 1773158400

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –