ETH/USDT – 30M – SELL

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

A bearish movement downwards to the next support level at 2297.59 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 2343.6 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Last Engulfing Top’ candle chart pattern is discovered. The candles form ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

2343.6 – 2313.98 – 2308.34 – 2297.59 – 2278.98 – 2252.42 —
2304.520000000 – 2313.460000000 —
45.546312115656 – 56.280061337654 —
– —
2343.6 – 1777757400

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Top – – –