ETH/USDT – 30M – SELL

The combination Ethereum/Tether (ETH/USDT) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support level at 2297.59 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 2346.89 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

2346.89 – 2423.74 – 2388.54 – 2313.89 – 2338 – 2354.34 —
2318.750000000 – 2301.250000000 —
33.517426381311 – 38.496636778876 —
– —
2346.89 – 1778139000

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –