ETH/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

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

Caution: A possible reversal of the trend in the direction of the resistance line at 3860.000000000 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish 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. Current target is 3668.79 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 3860.000000000 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

3860.000000000 – 3824.560000000 – 3608.300000000 – 3719.000000000 – 3681.600000000 – 3526.440000000

Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern