There is also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A bearish trend down to the next support level at 4153.070000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 4349.810000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI fall below 80’ indicator layout is existing. The indicator shows ‘StochRSI fall below 80’. which could be a negative signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. 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 | |
| 2nd High | |
| Next High | 4349.810000000 |
| Current Price | 4267.990000000 |
| Next Low | 4153.070000000 |
| 2nd Low | 3546.000000000 |
| 3rd Low | 3502.850000000 |
4349.810000000 – 4332.600000000 – 3694.060000000 – 4153.070000000 – 3546.000000000 – 3565.000000000 — 56.645254700836 – 52.376666653482
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –