ETH/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The combination Ethereum/Tether (ETH/USDT) moves from the bullish trendline downwards
A descent downwards to the next support line at 4186.160000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 4349.810000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ candle pattern is detected. The candles show ‘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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4349.810000000 |
| Current Price | 4260.110000000 |
| Next Low | 4186.160000000 |
| 2nd Low | 4153.070000000 |
| 3rd Low | 3647.630000000 |
4349.810000000 – 4332.600000000 – 4246.650000000 – 4186.160000000 – 4153.070000000 – 4160.000000000 — 45.813006559088 – 43.803124351252
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –