ETH/USDT – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support line at 4504.110000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 4769.360000000 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4956.780000000 |
| Next High | 4769.360000000 |
| Current Price | 4653.920000000 |
| Next Low | 4504.110000000 |
| 2nd Low | 4350.010000000 |
| 3rd Low | 4300.590000000 |
4769.360000000 – 4748.400000000 – 4563.000000000 – 4504.110000000 – 4350.010000000 – 4300.590000000 — 42.581837237592 – 35.88141871044
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –