ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.035770000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.037300000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. which 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039540000 |
| 2nd High | 0.038320000 |
| Next High | 0.037300000 |
| Current Price | 0.035210000 |
| Next Low | 0.035770000 |
| 2nd Low | 0.035240000 |
| 3rd Low | 0.034110000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing