ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A descent down to the next support level at 0.036900000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.037350000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039540000 |
| 2nd High | 0.038320000 |
| Next High | 0.037350000 |
| Current Price | 0.036950000 |
| Next Low | 0.036900000 |
| 2nd Low | 0.036560000 |
| 3rd Low | 0.035400000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing