ETH/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

The pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards

A bearish descent down to the next support level at 4257.850000000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 4490.640000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 4278.54496 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 4490.640000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Matching Low’ candlestick chart pattern is discovered. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

4490.640000000 – 4416.780000000 – 4491.840000000 – 4257.850000000 – 4210.610000000 – 4257.200000000 — 37.51832595812 – 36.727439026353

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