ETH/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The currency pair Ethereum/Tether (ETH/USDT) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 3677.650000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 3878.670000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3660.858 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 3878.670000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Southern Doji’ chart pattern is found. The chart forms ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

3878.670000000 – 3834.030000000 – 3886.440000000 – 3677.650000000 – 3716.040000000 – 3709.390000000 — 34.609161784538 – 34.203800255134

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern –