ETH/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

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

A descent down to the next support level at 2907.52 is expected.

Caution: A possible change in the direction of the resistance level at 3150 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Additionally a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

3150 – 3058.01 – 3069 – 2907.52 – 3013.25 – 3066.37 — 58.944550090771 – 54.250753461737 — 60.531723528847 – 36.365746137063 – 74.398416817747 – 56.544540832097

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –