ETH/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 1925.06 will continue.

Caution: A possible change in the direction of resistance at 1979.8 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

In addition a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1979.8 – 1977.35 – 1994.98 – 1925.06 – 1930 – 1948.09 —
1940.800000000 – 1962.240000000 —
39.201785019705 – 50.597335578489 —
– —
1979.8 – 1772964000

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