ETH/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A descent downwards to the next support level at 2157.31 will continue.

Caution: A possible counter-trend in the direction of resistance at 2229.4 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

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

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 2167.055 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 2229.4 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

2229.4 – 2197.7 – 2270.55 – 2157.31 – 2162 – 2186.61 —
2223.690000000 – 2217.170000000 —
57.406069624084 – 56.140918050376 —
– —
2229.4 – 1775750400

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