ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline downwards
A descending movement downwards to the next support level at 0.038000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.039300000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Tweezers Top’ candle pattern is existing. The chart forms ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.039300000 |
| Current Price | 0.039050000 |
| Next Low | 0.038000000 |
| 2nd Low | 0.035400000 |
| 3rd Low | 0.034670000 |
0.039300000 – 0.039250000 – 0.036270000 – 0.038000000 – 0.038120000 – 0.035400000 — 60.451294803907 – 54.250835536799
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Top – – –