ETH/USDT – 30M – SELL

The combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards

A bearish descent downwards to the next support level at 2314.25 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 2398.93 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 2338.955 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 2398.93 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

2398.93 – 2343.6 – 2313.98 – 2314.25 – 2309.24 – 2297.59 —
2352.720000000 – 2379.520000000 —
48.968051469314 – 57.503127325614 —
– —
2398.93 – 1777867200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –