ETH/USDT – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1925.06 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1979.8 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

1979.8 – 1977.35 – 1994.98 – 1925.060000000 – 1930 – 1948.09 —
1948.180000000 – 1943.000000000 —
36.807749479796 – 39.373618520412 —
1925.060000000 – 1772974800 —
1979.8 – 1772964000

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –