ETH/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 4334.400000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 4491.460000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Additionally a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4633.970000000 |
| 2nd High | 4516.750000000 |
| Next High | 4491.460000000 |
| Current Price | 4471.250000000 |
| Next Low | 4334.400000000 |
| 2nd Low | 4332.150000000 |
| 3rd Low | 4257.200000000 |
4491.460000000 – 4415.610000000 – 4379.550000000 – 4334.400000000 – 4332.150000000 – 4257.200000000 — 59.584062177482 – 58.121361255401
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –