ETH/USDT – 30M – SELL

Next 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 pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards

A descent down to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 3402.89 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 3234.22 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 3402.89 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Southern Doji’ candle chart pattern is found. The candles form ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

3402.89 – 3364.64 – 3367.79 – 3278 – 3280.48 – 3065.55 — 36.512314810243 – 36.18548146096 — 7.7234128588759 – 7.7234128588759 – 5.1489419059172 – 7.7234128588759

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