ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
A bearish trend downwards to the next support level at 0.036560000 will persist.
Caution: A possible change in the direction of resistance at 0.036890000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.037300000 |
| 2nd High | 0.037270000 |
| Next High | 0.036890000 |
| Current Price | 0.036940000 |
| Next Low | 0.036560000 |
| 2nd Low | 0.035580000 |
| 3rd Low | 0.035400000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing