ETH/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards

The bearish trend downwards to the next support at 1679.11 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 1733.89 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1733.89 – 1712.06 – 1719.51 – 1679.11 – 1682.35 – 1671.79 —
1730.000000000 – 1727.210000000 —
68.073661516017 – 42.988888353543 —
– —
1733.89 – 1781931600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –