ETH/USDT – 4H – SELL

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

A continuation of the downtrend downwards to the next support level at 1835.36 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 2148.39 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

There is also a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

2090 – 2148.39 – 1995.56 – 1835.36 – 1800 – 1907 —
1998.660000000 – 2144.200000000 —
47.557376910564 – 59.897772351131 —
– —
2090 – 1772467200

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