ETH/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 2110.000000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 2359.88 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 2110 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 2359.88 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Southern Doji’ candlestick pattern is found. The candles form ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

2359.88 – 2396.62 – 2475.98 – 2110.000000000 – 2262.15 – 2284.48 —
2149.460000000 – 2286.170000000 —
17.367211054587 – 50.706609367189 —
2110.000000000 – 1770143400 —
2359.88 – 1770080400

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –