ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A descent down to the next support level at 0.034620000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.035780000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Last Engulfing Bottom:’ candlestick pattern is detected. The candles form ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035940000 |
| 2nd High | 0.035920000 |
| Next High | 0.035780000 |
| Current Price | 0.035620000 |
| Next Low | 0.034620000 |
| 2nd Low | 0.034120000 |
| 3rd Low | 0.034070000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Bottom: