Then a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support line at 3502.850000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 3771.000000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3860.000000000 |
| Next High | 3771.000000000 |
| Current Price | 3666.640000000 |
| Next Low | 3502.850000000 |
| 2nd Low | 3477.580000000 |
| 3rd Low | 2932.460000000 |
3771.000000000 – 3665.310000000 – 3764.200000000 – 3502.850000000 – 3616.540000000 – 3681.600000000 — 55.224617613366 – 48.225226407944
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –