ETH/USDT – 4H – SELL

The currency pair Ethereum/Tether (ETH/USDT) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 2220.36 is certain.

Caution: A possible counter-trend in the direction of resistance at 2404.37 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

2346.95 – 2404.37 – 2423.75 – 2220.36 – 2285.42 – 2252.72 —
2384.620000000 – 2413.590000000 —
62.839027672605 – 51.573409507865 —
– —
2346.95 – 1777449600

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