ETH/USDT – 30M – SELL

The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.

A bearish movement down to the next support line at 2297.59 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 2343.6 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Collapsing Doji Star’ candlestick chart pattern is discovered. The chart forms ‘Collapsing Doji Star’. which is a negative 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 ‘Collapsing Doji Star’ going down is 63% (Bull Market).

2343.6 – 2313.98 – 2308.34 – 2297.59 – 2278.98 – 2252.42 —
2330.990000000 – 2337.870000000 —
63.458042942624 – 67.339594476364 —
– —
2343.6 – 1777757400

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Collapsing Doji Star – – –