Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline down.
The bearish trend down to the next support at 4190.000000000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 4366.460000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI cross above 20’ indicator layout is existing. The indicator shows ‘StochRSI cross above 20’. which is often a bullish chart scenario. The pair is likely to go up.
Also there is a ‘Matching Low’ candle chart pattern is existing. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4366.460000000 |
| Current Price | 4276.770000000 |
| Next Low | 4190.000000000 |
| 2nd Low | 4166.770000000 |
| 3rd Low | 4153.070000000 |
4366.460000000 – 4349.810000000 – 4332.600000000 – 4190.000000000 – 4166.770000000 – 4186.160000000 — 46.789422688971 – 46.604172494131
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –