ETH/USDT – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

The currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.

A bearish descent downwards to the next support line at will persist.

Caution: A possible trend reversal in the direction of the resistance line at 4788.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 4370.57112 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 4788.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

4788.000000000 – 4639.700000000 – 4366.460000000 – 4453.130000000 – 4451.330000000 – 4616.000000000 — 28.430161803766 – 26.756537007902

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –