There is also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. 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) jumps from the ascending trendline downwards
A bearish trend downwards to the next support level at is considered certain.
Caution: A possible change in the direction of the resistance line at 2338.37 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2423.74 |
| 2nd High | 2346.89 |
| Next High | 2338.37 |
| Current Price | 2328.220000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2338.37 – 2325.33 – 2321.22 – 2318.33 – 2300 – 2303.19 —
2330.000000000 – 2331.690000000 —
55.953245542276 – 56.527588608998 —
– —
2338.37 – 1778349600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –