ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
A bearish descent downwards to the next support level at 0.024810000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.025280000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
In addition a ‘Tweezers Top’ candle chart pattern is detected. The candles show ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025500000 |
| 2nd High | 0.025310000 |
| Next High | 0.025280000 |
| Current Price | 0.025130000 |
| Next Low | 0.024810000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023900000 |
0.025280000 – 0.025310000 – 0.025150000 – 0.024810000 – 0.025010000 – 0.024820000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Tweezers Top –