And also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
A bearish trend down to the next support line at will continue.
Caution: A possible counter-trend in the direction of the resistance line at 2093.94 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2295.74 |
| 2nd High | 2149.75 |
| Next High | 2093.94 |
| Current Price | 2078.420000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2093.94 – 1975.75 – 2149.75 – 2032.6 – 1866.13 – 1747.8 —
2066.640000000 – 2103.990000000 —
62.029116099433 – 65.474122053795 —
– —
2093.94 – 1770409800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –