ETH/USDT – 1H – SELL

Additionally a ‘Double bottom retreat down’ chart pattern is detected. The formation shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.

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

A bearish trend downwards to the next support at 4204.200000000 is likely expected.

Caution: A possible change in the direction of resistance at 4328.370000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘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%.

4328.370000000 – 4378.000000000 – 4340.150000000 – 4204.200000000 – 4106.370000000 – 4060.000000000 — 62.585717830144 – 60.872324746167

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –