ETH/USDT – 1H – SELL

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

A bearish trend downwards to the next support line at 1565.26 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1725 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

1725 – 1646.26 – 1604.02 – 1565.26 – 1552.92 – 1550.2 —
1712.110000000 – 1749.000000000 —
65.865414840209 – 76.27927269016 —
– —
1725 – 1783000800

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –