ETH/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support line at 2932.460000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 3083.000000000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Tweezers Top’ candlestick chart pattern is found. The chart forms ‘Tweezers Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3083.000000000 |
| Current Price | 2977.930000000 |
| Next Low | 2932.460000000 |
| 2nd Low | 2903.850000000 |
| 3rd Low | 2512.000000000 |
3083.000000000 – 3020.310000000 – 2979.780000000 – 2932.460000000 – 2940.240000000 – 2903.850000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern