ETH/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support line at 3681.600000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 3860.000000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Tweezers Top’ chart pattern is found. The candles show ‘Tweezers Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3860.000000000 |
| Current Price | 3676.910000000 |
| Next Low | 3681.600000000 |
| 2nd Low | 3526.440000000 |
| 3rd Low | 3477.580000000 |
3860.000000000 – 3824.560000000 – 3608.300000000 – 3681.600000000 – 3526.440000000 – 3477.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern