ETH/USDT – 1H – SELL

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 2315.02262 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 2423.75 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘On Neck’ candle pattern is detected. The candles form ‘On Neck’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

2323.21 – 2423.75 – 2338.75 – 2306.72 – 2300.55 – 2300.22 —
2370.330000000 – 2396.050000000 —
71.593332776709 – 67.053991480155 —
– —
2323.21 – 1777107600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – On Neck – Symmetrical Triangle Chart Pattern – –