ETH/USDT – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards

A bearish trend down to the next support level at 4720.000000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 4727.0628 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

4817.400000000 – 4768.900000000 – 4887.590000000 – 4720.000000000 – 4690.720000000 – 4659.700000000 — 48.699479007867 – 46.031725070465

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –