ETH/USDT – 1H – SELL

The currency pair Ethereum/Tether (ETH/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 2285.42 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 2423.75 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

2423.75 – 2338.75 – 2346.78 – 2285.42 – 2284.19 – 2252.72 —
2337.500000000 – 2316.850000000 —
48.012076200293 – 41.372958946095 —
– —
2423.75 – 1776866400

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