ETH/USDT – 30M – SELL

The pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.

A continuation of the downtrend down to the next support level at 4458.000000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 4508.710000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

And also a ‘Last Engulfing Top’ candle pattern is detected. The candles show ‘Last Engulfing Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

4508.710000000 – 4484.810000000 – 4544.440000000 – 4458.000000000 – 4456.430000000 – 4435.700000000 — 53.911312273558 – 50.572985602881

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Top – – –