ETH/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 2331.85 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.

2331.85 – 2338.79 – 2343.58 – 2300.22 – 2285.42 – 2305.61 —
2328.470000000 – 2324.230000000 —
55.901153903899 – 48.454981709664 —
– —
2331.85 – 1777032000

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