Also there is a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The combination Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards
A descending movement down to the next support level at is certain.
Caution: A possible counter-trend in the direction of the resistance line at 4788.000000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4788.000000000 |
| Current Price | 4477.140000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4788.000000000 – 4366.460000000 – 4349.810000000 – 4451.330000000 – 4256.920000000 – 4166.770000000 — 32.954683287797 – 31.468366299795
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –