ETH/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support line at 2892.4 is certain.
Caution: A possible change in the direction of resistance at 3019.26 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3236.26 |
| 2nd High | 3069.07 |
| Next High | 3019.26 |
| Current Price | 2956.130000000 |
| Next Low | 2892.4 |
| 2nd Low | 2866.11 |
| 3rd Low | 2775.19 |
3019.26 – 2984.71 – 3069.07 – 2892.4 – 2906.02 – 2866.11 — 52.220960285612 – 50.741749531771 — 25.173829496963 – 28.676317278766 – 26.323123065418 – 27.017575313311
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –