ETH/USDT – 1H – SELL

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

A bearish movement downwards to the next support level at 2940.240000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 3083.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

3083.000000000 – 3020.310000000 – 2979.780000000 – 2940.240000000 – 2903.850000000 – 2923.320000000

Trading Signals: FOREX – ETH – ETH/USDT – USDT – – Triple bottom chart pattern