ETH/USDT – 1H – SELL

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

A descending movement downwards to the next support at 1941.66 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 2023.51 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Next a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

2015.33 – 2008.58 – 2023.51 – 1941.66 – 1937.24 – 1928.88 —
1997.890000000 – 2023.520000000 —
48.92340471466 – 61.923354816921 —
– —
2015.33 – 1771354800

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –