Then a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support at 4504.110000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 4769.360000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a negative 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4956.780000000 |
| Next High | 4769.360000000 |
| Current Price | 4653.920000000 |
| Next Low | 4504.110000000 |
| 2nd Low | 4350.010000000 |
| 3rd Low | 4300.590000000 |
4769.360000000 – 4748.400000000 – 4563.000000000 – 4504.110000000 – 4350.010000000 – 4300.590000000 — 42.581837237592 – 35.88141871044
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –