ETH/USDT – 30M – SELL

The currency pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support at 2252.72 is likely expected.

Caution: A possible change in the direction of the resistance zone at 2350.24 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Last Engulfing Bottom:’ candlestick pattern is discovered. The chart forms ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

2350.24 – 2375.14 – 2464.91 – 2252.72 – 2300 – 2339.92 —
2286.550000000 – 2317.340000000 —
43.938369356062 – 54.677851077746 —
– —
2350.24 – 1776603600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern – –