ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.038580000 is certain.
Caution: A possible change in the direction of the resistance line at 0.039720000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.039980000 |
| Next High | 0.039720000 |
| Current Price | 0.038780000 |
| Next Low | 0.038580000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.037670000 |
0.039720000 – 0.039980000 – 0.041500000 – 0.038580000 – 0.038510000 – 0.039150000 — 44.882282535014 – 41.950642267377
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –