ETH/USDT – 1H – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support at 3502.850000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 3771.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3860.000000000 |
| Next High | 3771.000000000 |
| Current Price | 3666.640000000 |
| Next Low | 3502.850000000 |
| 2nd Low | 3477.580000000 |
| 3rd Low | 2932.460000000 |
3771.000000000 – 3665.310000000 – 3764.200000000 – 3502.850000000 – 3616.540000000 – 3681.600000000 — 55.224617613366 – 48.225226407944
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –