ETH/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards

A descending movement downwards to the next support level at is likely expected.

Caution: A possible change in the direction of resistance at 4956.780000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover 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 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. Current target is 4251.91092 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 4956.780000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The currency 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%.

4956.780000000 – 4817.400000000 – 4887.590000000 – 4207.390000000 – 4204.200000000 – 4106.370000000 — 26.559820607613 – 23.313710775088

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –