ETH/BTC – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 0.034670000 will persist.
Caution: A possible change in the direction of the resistance zone at 0.036140000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative pattern signal. 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 | 0.037100000 |
| Next High | 0.036140000 |
| Current Price | 0.035690000 |
| Next Low | 0.034670000 |
| 2nd Low | 0.034340000 |
| 3rd Low | 0.033330000 |
0.036140000 – 0.035890000 – 0.037100000 – 0.034670000 – 0.035160000 – 0.035570000 — 54.749886619039 – 52.255290099168
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –