And also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support at 2064.1 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 2145.26 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
And also a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2295.74 |
| 2nd High | 2149.75 |
| Next High | 2145.26 |
| Current Price | 2104.590000000 |
| Next Low | 2064.1 |
| 2nd Low | 2037.22 |
| 3rd Low | 2032.6 |
2145.26 – 2115 – 2119.46 – 2064.1 – 2037.22 – 2032.6 —
2116.080000000 – 2129.730000000 —
52.732402345467 – 58.764797915893 —
– —
2145.26 – 1770553800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –