ETH/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support at 2157.31 is expected.
Caution: A possible change in the direction of the resistance line at 2229.400000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2273.87 |
| 2nd High | 2270.55 |
| Next High | 2229.400000000 |
| Current Price | 2213.080000000 |
| Next Low | 2157.31 |
| 2nd Low | 2060.24 |
| 3rd Low | 2021.5 |
2229.400000000 – 2197.7 – 2270.55 – 2157.31 – 2162 – 2186.61 —
2229.400000000 – 2224.520000000 —
61.132569542597 – 60.430942514202 —
2229.400000000 – 1775750400 —
– 1775750400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –