ETH/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline down.
A descent downwards to the next support level at 3278 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 3402.89 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black 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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3648.27 |
| 2nd High | 3588.19 |
| Next High | 3402.89 |
| Current Price | 3301.460000000 |
| Next Low | 3278 |
| 2nd Low | 3065.55 |
| 3rd Low | 3058.69 |
3402.89 – 3367.79 – 3171.49 – 3278 – 3280.48 – 3065.55 — 46.361857700491 – 42.852779794694 — 34.56058074138 – 17.400679208668 – 59.252271515761 – 37.823657305087
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –