ETH/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support at 3681.600000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3824.560000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Matching Low’ candle pattern is found. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading 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