ETH/USDT – 30M – SELL

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

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

Caution: A possible reversal of the trend in the direction of the resistance level at 2338.75 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

2338.75 – 2346.78 – 2326.36 – 2300.01 – 2278.38 – 2263.18 —
2324.680000000 – 2310.240000000 —
48.80638264418 – 46.698297138431 —
– —
2338.75 – 1776760200

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