ETH/USDT – 1H – SELL

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

A bearish movement down to the next support level at 4256.920000000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 4576.000000000 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.

There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 4256.92 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 4576.000000000 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Southern Doji’ chart pattern is existing. The candles show ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

4576.000000000 – 4672.670000000 – 4788.000000000 – 4372.540000000 – 4368.000000000 – 4451.330000000 — 29.64535302205 – 29.63184276357

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –