ETH/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards

A bearish trend down to the next support at will continue.

Caution: A possible change in the direction of the resistance zone at 3860.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 3610.6 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 3860.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Shooting Star’ candle pattern is discovered. The chart forms ‘Shooting Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

3860.000000000 – 3824.560000000 – 3608.300000000 – 3681.600000000 – 3526.440000000 – 3477.580000000

Trading Signals: FOREX – ETH – ETH/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern