ETH/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 2285.42 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 2338.790000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Inside Down’ candlestick chart pattern is found. The candles show ‘Three Inside Down’. which 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 chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

2338.790000000 – 2343.58 – 2423.75 – 2285.42 – 2305.61 – 2331.5 —
2338.790000000 – 2334.230000000 —
53.313440072774 – 53.711625250848 —
2338.790000000 – 1776981600 —
– 1776981600

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –