ETH/USDT – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards

A descending movement down to the next support line at 2309.24 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 2423.74 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Bearish Belt Hold’ candlestick pattern is discovered. The chart forms ‘Bearish Belt Hold’. this 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

2423.74 – 2399.5 – 2398.93 – 2354.34 – 2309.24 – 2297.59 —
2366.000000000 – 2355.050000000 —
41.359797295667 – 39.233410438242 —
– —
2423.74 – 1778065200

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –