The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.
A descending movement down to the next support line at 0.031760000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.032690000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. this is usually a bearish signal. The currency pair is likely to fall.
And also a ‘Falling Window’ chart pattern is existing. The candles show ‘Falling Window’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.033020000 |
| Next High | 0.032690000 |
| Current Price | 0.031730000 |
| Next Low | 0.031760000 |
| 2nd Low | 0.031460000 |
| 3rd Low | 0.031200000 |
0.032690000 – 0.032410000 – 0.032390000 – 0.031760000 – 0.031850000 – 0.031760000 — 47.104824963743 – 30.005601110259
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Falling Window – Triple top chart pattern –