ETH/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 2866.11 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 3069.07 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. 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%.

3069.07 – 3236.26 – 3368.82 – 2866.11 – 2920 – 3177.68 —
3025.430000000 – 3006.820000000 —
53.841924190307 – 46.453903112593 —
– —
3069.07000 – 1769022000

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