ETH/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A descent down to the next support level at 4256.920000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 4788.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candle pattern is detected. The candles show ‘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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4788.000000000 |
| Current Price | 4477.900000000 |
| Next Low | 4256.920000000 |
| 2nd Low | 4166.770000000 |
| 3rd Low | 4153.070000000 |
4788.000000000 – 4366.460000000 – 4349.810000000 – 4256.920000000 – 4166.770000000 – 4153.070000000 — 36.798945618259 – 32.176405899823
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –