ETH/BTC – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline downwards
A bearish descent downwards to the next support at 0.031200000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.032220000 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. 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 Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.032500000 |
| Next High | 0.032220000 |
| Current Price | 0.031700000 |
| Next Low | 0.031200000 |
| 2nd Low | 0.029950000 |
| 3rd Low | 0.029760000 |
0.032220000 – 0.031610000 – 0.031600000 – 0.031200000 – 0.029950000 – 0.030690000 — 52.008279732932 – 50.315921265373
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern –