Also there is a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A descent down to the next support line at 3599.440000000 is considered certain.
Caution: A possible change in the direction of resistance at 3782.830000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘RSI cross above 70’ indicator layout is detected. The indicator shows ‘RSI cross above 70’. which could be a negative chart scenario. The currency pair could go down.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3860.000000000 |
| Next High | 3782.830000000 |
| Current Price | 3741.100000000 |
| Next Low | 3599.440000000 |
| 2nd Low | 3502.850000000 |
| 3rd Low | 3477.580000000 |
3782.830000000 – 3771.000000000 – 3665.310000000 – 3599.440000000 – 3502.850000000 – 3616.540000000 — 56.359911250839 – 53.111700079425
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – – Rising Wedge Chart Pattern –