ETH/USDT – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A bearish descent down to the next support line at 3601.560000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 3782.830000000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bearish Belt Hold’ candle pattern is detected. The chart forms ‘Bearish Belt Hold’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3860.000000000 |
| 2nd High | 3798.650000000 |
| Next High | 3782.830000000 |
| Current Price | 3723.720000000 |
| Next Low | 3601.560000000 |
| 2nd Low | 3599.440000000 |
| 3rd Low | 3502.850000000 |
3782.830000000 – 3767.130000000 – 3747.000000000 – 3601.560000000 – 3599.440000000 – 3502.850000000 — 46.88976998484 – 42.891784248176
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern –