ETH/USDT – 30M – SELL

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

A bearish descent downwards to the next support at 4256.920000000 is expected.

Caution: A possible change in the direction of resistance at 4639.700000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘RSI fall below 70’ indicator signal is existing. The indicator is ‘RSI fall below 70’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘StochRSI fall below 80’ indicator signal is existing. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bearish Belt Hold’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

4639.700000000 – 4366.460000000 – 4349.810000000 – 4256.920000000 – 4190.000000000 – 4166.770000000 — 76.164872068424 – 68.111545832006

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – – –