ETH/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

A bearish descent downwards to the next support at 4265.330000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 4490.640000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 4210.61 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 4490.640000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Southern Doji’ candle chart pattern is detected. The candles show ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

4490.640000000 – 4416.780000000 – 4491.840000000 – 4265.330000000 – 4257.850000000 – 4210.610000000 — 38.561364094138 – 38.518178635681

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