ETH/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish descent downwards to the next support at 3011.220000000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 3099 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3099 – 3044.44 – 3071.37 – 3011.220000000 – 2994.36 – 2985.78 — 51.9447974214 – 47.564476721347 — 43.019897716679 – 36.431350693533 – 41.132268745767 – 40.032841761678

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –