ETH/USDT – 30M – SELL

Moreover a ‘Double top chart pattern’ chart pattern is discovered. The chart picture shows ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.

The combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.

The bearish trend down to the next support line at will continue.

Caution: A possible trend reversal in the direction of the resistance level at 4788.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

4788.000000000 – 4639.700000000 – 4366.460000000 – 4616.000000000 – 4256.920000000 – 4190.000000000 — 46.48613085343 – 40.411992670691

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double top chart pattern – –