ETH/USDT – 30M – SELL

The combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards

A descent downwards to the next support level at 4256.920000000 will continue.

Caution: A possible trend reversal in the direction of resistance at 4672.670000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Then a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

4672.670000000 – 4788.000000000 – 4639.700000000 – 4453.130000000 – 4451.330000000 – 4616.000000000 — 31.148516045528 – 28.801168500538

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –