ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.037010000 will continue.
Caution: A possible change in the direction of the resistance line at 0.040040000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040760000 |
| 2nd High | 0.040340000 |
| Next High | 0.040040000 |
| Current Price | 0.038150000 |
| Next Low | 0.037010000 |
| 2nd Low | 0.036610000 |
| 3rd Low | 0.035240000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing