ETH/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.

A bearish descent downwards to the next support line at is expected.

Caution: A possible change in the direction of the resistance level at 3860.000000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 3668.79 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 3860.000000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

3860.000000000 – 3824.560000000 – 3608.300000000 – 3719.000000000 – 3681.600000000 – 3526.440000000

Trading Signals: FOREX – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern