ETH/USDT – 1H – SELL

The combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.

A bearish movement downwards to the next support line at 2285.1 is considered certain.

Caution: A possible change in the direction of the resistance level at 2364.680000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

2364.680000000 – 2385.61 – 2415.5 – 2285.1 – 2308.5 – 2302.9 —
2364.680000000 – 2331.770000000 —
54.056720691646 – 44.208267142137 —
2364.680000000 – 1776369600 —
– 1776369600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – – –