ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.025220000 is certain.
Caution: A possible change in the direction of resistance at 0.025620000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025810000 |
| 2nd High | 0.025770000 |
| Next High | 0.025620000 |
| Current Price | 0.025420000 |
| Next Low | 0.025220000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023900000 |
0.025620000 – 0.025770000 – 0.025180000 – 0.025220000 – 0.024590000 – 0.023900000