ETH/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

The currency pair Ethereum/Tether (ETH/USDT) jumps from the bullish trendline downwards

A bearish movement downwards to the next support line at is expected.

Caution: A possible reversal of the trend in the direction of resistance at 3308.86 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 3109.555 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 3308.86 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

3308.86 – 3265.66 – 3167.22 – 3183.27 – 2958.91 – 2944.76 — 43.773956106342 – 39.109042001217 — 18.374107562399 – 11.584650198058 – 16.368423451032 – 15.902531656586

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –