ETH/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

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

A bearish descent downwards to the next support level at 4265.330000000 will persist.

Caution: A possible change in the direction of the resistance zone at 4490.640000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 4210.61 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 4490.640000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Southern Doji’ candle pattern is discovered. The chart forms ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

4490.640000000 – 4416.780000000 – 4491.840000000 – 4265.330000000 – 4257.850000000 – 4210.610000000 — 38.561364094138 – 38.518178635681

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –