ETH/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support level at 1800 will continue.

Caution: A possible change in the direction of the resistance line at 2148.39 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally 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 1800 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 2148.39 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Matching Low’ candlestick pattern is discovered. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

2148.39 – 1995.56 – 2039.05 – 1800 – 1907 – 1928.88 —
2059.000000000 – 1937.170000000 —
67.235020809866 – 43.707644210278 —
– —
2148.39 – 1772049600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –