ETH/USDT – 1H – SELL

The pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards

A bearish trend down to the next support level at 2932.460000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 3673.840000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

3673.840000000 – 3480.190000000 – 3083.000000000 – 2932.460000000 – 2940.240000000 – 2903.850000000

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