ETH/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.

A descending movement down to the next support level at will continue.

Caution: A possible change in the direction of the resistance level at 3860.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 3610.6 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 3860.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Shooting Star’ candle pattern is discovered. The chart shows ‘Shooting Star’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

3860.000000000 – 3824.560000000 – 3608.300000000 – 3681.600000000 – 3526.440000000 – 3477.580000000

Trading Signals: FOREX – ETH – ETH/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern