ETH/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support at 4256.920000000 is considered certain.
Caution: A possible change in the direction of resistance at 4788.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4788.000000000 |
| Current Price | 4477.900000000 |
| Next Low | 4256.920000000 |
| 2nd Low | 4166.770000000 |
| 3rd Low | 4153.070000000 |
4788.000000000 – 4366.460000000 – 4349.810000000 – 4256.920000000 – 4166.770000000 – 4153.070000000 — 36.798945618259 – 32.176405899823
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –