ETH/USDT – 30M – SELL

The combination Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.

A continuation of the downward movement down to the next support level at is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 4692.360000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

4692.360000000 – 4769.360000000 – 4748.400000000 – 4634.000000000 – 4605.000000000 – 4504.110000000 — 46.001786674987 – 37.415168805652

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