ETH/USDT – 4H – SELL

The combination Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.

The bearish trend down to the next support line at 1671.79 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1849.54 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1590.8 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1849.54 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Two Crows’ candlestick pattern is found. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1849.54 – 1693.59 – 2141.98 – 1671.79 – 1654.9 – 1603.44 —
1735.340000000 – 1736.250000000 —
43.28776493771 – 49.312417240795 —
– —
1849.54 – 1781524800

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –