ETH/USDT – 4H – SELL

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

The bearish trend down to the next support level at 4060.000000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4887.590000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

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

Additionally a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

4887.590000000 – 4576.000000000 – 4788.000000000 – 4060.000000000 – 4368.000000000 – 3546.000000000 — 66.956284545931 – 63.440314856924

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