ETH/USDT – 30M – SELL

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

A descent down to the next support level at is certain.

Caution: A possible change in the direction of the resistance line at 1849.54 could occur.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Then a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

1849.54 – 1733.04 – 1697.28 – 1758 – 1712.17 – 1654.9 —
1799.990000000 – 1786.990000000 —
58.10128156254 – 45.520153557322 —
– —
1849.54 – 1781537400

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – – –