ETH/USDT – 30M – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The combination Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support line at 3681.600000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 3824.560000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Matching Low’ chart pattern is discovered. The candles show ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3824.560000000 |
| Current Price | 3768.270000000 |
| Next Low | 3681.600000000 |
| 2nd Low | 3526.440000000 |
| 3rd Low | 3477.580000000 |
3824.560000000 – 3608.300000000 – 3671.500000000 – 3681.600000000 – 3526.440000000 – 3477.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Matching Low – Rising Wedge Chart Pattern