ETH/BTC – 4H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.
The bearish trend down to the next support at 0.034670000 is expected.
Caution: A possible change in the direction of resistance at could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Last Engulfing Top’ candlestick pattern is discovered. The chart shows ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.038460000 |
| Next Low | 0.034670000 |
| 2nd Low | 0.029970000 |
| 3rd Low | 0.029950000 |
0.037100000 – 0.032410000 – 0.032690000 – 0.034670000 – 0.029970000 – 0.031760000 — 73.635264640947 – 63.57507433429
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Top – – –