ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.033370000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.035940000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.037300000 |
| 2nd High | 0.037270000 |
| Next High | 0.035940000 |
| Current Price | 0.035560000 |
| Next Low | 0.033370000 |
| 2nd Low | 0.032920000 |
| 3rd Low | 0.032820000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing