ETH/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

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

The bearish trend down to the next support line at is considered certain.

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

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 4251.91092 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 4956.780000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. which 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 ‘Three Black Crows’ going 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 – –