ETH/BTC – 30M – SELLThen a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
A bearish trend downwards to the next support level at 0.029760000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.030810000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.030810000 |
| Current Price | 0.030210000 |
| Next Low | 0.029760000 |
| 2nd Low | 0.028440000 |
| 3rd Low | 0.028130000 |
0.030810000 – 0.029370000 – 0.028720000 – 0.029760000 – 0.028440000 – 0.028130000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern