ETH/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 1941.66 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 2015.33 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1945.87488 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 2015.33 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

2015.33 – 2008.58 – 2023.51 – 1941.66 – 1937.24 – 1928.88 —
2023.520000000 – 1976.850000000 —
61.923354992849 – 43.330364200265 —
– —
2015.33 – 1771354800

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –