ETH/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline downwards
A descending movement down to the next support line at 2985.78 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 3099 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3223.38 |
| 2nd High | 3169.95 |
| Next High | 3099 |
| Current Price | 2988.280000000 |
| Next Low | 2985.78 |
| 2nd Low | 2888.69 |
| 3rd Low | 2857.32 |
3099 – 3044.44 – 3071.37 – 2985.78 – 2888.69 – 2857.32 — 40.191388059507 – 36.901714642848 — 5.9896682979881 – 3.0424143556281 – 4.2088091353997 – 4.2405292731557
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –