Then a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support at 1744.09 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 1807.65 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Then a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1839.77 |
| 2nd High | 1810.21 |
| Next High | 1807.65 |
| Current Price | 1772.710000000 |
| Next Low | 1744.09 |
| 2nd Low | 1727.87 |
| 3rd Low | 1692.13 |
1807.65 – 1775.78 – 1753.29 – 1744.09 – 1727.87 – 1692.13 —
1795.810000000 – 1782.900000000 —
57.041917846721 – 50.178887167837 —
– —
1807.65 – 1783186200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –