ETH/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 2338.75 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘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%.

2338.75 – 2346.78 – 2326.36 – 2300.01 – 2278.38 – 2263.18 —
2331.000000000 – 2317.370000000 —
58.811409375094 – 45.977745309461 —
– —
2338.75 – 1776760200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –