ETH/USDT – 30M – SELL

The currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards

A bearish trend down to the next support line at 2354.34 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 2388.54 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2357.73212 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 2388.54 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Matching Low’ candlestick pattern is discovered. The chart forms ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

2388.54 – 2399.5 – 2390.74 – 2354.34 – 2359.71 – 2366.76 —
2367.720000000 – 2379.400000000 —
44.19618102205 – 51.121419489519 —
– —
2388.54 – 1778014800

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – – –