ETH/USDT – 30M – SELL

The combination Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 2359.710000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 2399.5 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 2356.875 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 2399.5 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Shooting Star’ candlestick pattern is discovered. The candles show ‘Shooting Star’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

2399.5 – 2390.74 – 2379.52 – 2359.710000000 – 2366.76 – 2344.83 —
2369.920000000 – 2387.000000000 —
40.612331079743 – 56.968231322441 —
2359.710000000 – 1778000400 —
2399.5 – 1777986000

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Shooting Star – – –