ETH/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support level at 4538.690000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 4645.930000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Tweezers Top’ candlestick pattern is discovered. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4956.780000000 |
| 2nd High | 4690.020000000 |
| Next High | 4645.930000000 |
| Current Price | 4588.310000000 |
| Next Low | 4538.690000000 |
| 2nd Low | 4311.040000000 |
| 3rd Low | 4207.390000000 |
4645.930000000 – 4451.720000000 – 4690.020000000 – 4538.690000000 – 4311.040000000 – 4519.960000000 — 57.807981440019 – 52.03680747003
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –