ETH/USDT – 1H – SELLThere is also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Ethereum/Tether (ETH/USDT) goes from the bullish trendline down.
A descent down to the next support level at 3681.600000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 3860.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Tweezers Top’ candlestick pattern is existing. The chart forms ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 3860.000000000 |
| Current Price | 3676.910000000 |
| Next Low | 3681.600000000 |
| 2nd Low | 3526.440000000 |
| 3rd Low | 3477.580000000 |
3860.000000000 – 3824.560000000 – 3608.300000000 – 3681.600000000 – 3526.440000000 – 3477.580000000
Trading Signals: FOREX – ETH – ETH/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern