ETH/BTC – 1H – SELLAnd also a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline down.
A bearish movement downwards to the next support level at 0.034670000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.038660000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Tweezers Top’ candlestick chart pattern is detected. The chart forms ‘Tweezers Top’. which is a negative 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 | 0.039460000 |
| 2nd High | 0.039190000 |
| Next High | 0.038660000 |
| Current Price | 0.037280000 |
| Next Low | 0.034670000 |
| 2nd Low | 0.031430000 |
| 3rd Low | 0.031290000 |
0.038660000 – 0.039190000 – 0.039460000 – 0.037290000 – 0.037390000 – 0.037700000 — 39.850516860959 – 34.860687289436
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Top – Double top chart pattern – –