ETH/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘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 bullish trendline downwards

A bearish trend down to the next support level at 4257.850000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 4490.640000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 4278.54496 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 4490.640000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ candle pattern is discovered. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

4490.640000000 – 4416.780000000 – 4491.840000000 – 4257.850000000 – 4210.610000000 – 4257.200000000 — 37.51832595812 – 36.727439026353

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –