ETH/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

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

The bearish trend down to the next support line at is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4788.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 4370.57112 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 4788.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two 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 success rate of a ‘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 – –