ETH/BTC – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline down.
The bearish trend downwards to the next support at 0.022500000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.023320000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024210000 |
| 2nd High | 0.023430000 |
| Next High | 0.023320000 |
| Current Price | 0.022810000 |
| Next Low | 0.022500000 |
| 2nd Low | 0.022360000 |
| 3rd Low | 0.022250000 |
0.023320000 – 0.022830000 – 0.023430000 – 0.022500000 – 0.022360000 – 0.022250000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – – Rising Wedge Chart Pattern