Next a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support line at 1750.2 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1946.52 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1747.445 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1946.52 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2157.5 |
| 2nd High | 2141.98 |
| Next High | 1946.52 |
| Current Price | 1832.310000000 |
| Next Low | 1750.2 |
| 2nd Low | 1713.44 |
| 3rd Low | 1548.37 |
1946.52 – 1833.4 – 1637.58 – 1750.2 – 1713.44 – 1728.95 —
1937.000000000 – 1881.590000000 —
73.456472800061 – 52.978741268397 —
– —
1946.52 – 1784117100
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –