Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The combination Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support level at 2474.240000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 2635.500000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2834.860000000 |
| 2nd High | 2680.340000000 |
| Next High | 2635.500000000 |
| Current Price | 2528.010000000 |
| Next Low | 2474.240000000 |
| 2nd Low | 2373.000000000 |
| 3rd Low | 2111.890000000 |
2635.500000000 – 2525.000000000 – 2520.920000000 – 2474.240000000 – 2373.000000000 – 2382.530000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – – Rising Wedge Chart Pattern