ETH/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support at 3502.850000000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 3771.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3860.000000000 |
| Next High | 3771.000000000 |
| Current Price | 3666.640000000 |
| Next Low | 3502.850000000 |
| 2nd Low | 3477.580000000 |
| 3rd Low | 2932.460000000 |
3771.000000000 – 3665.310000000 – 3764.200000000 – 3502.850000000 – 3616.540000000 – 3681.600000000 — 55.224617613366 – 48.225226407944
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –