The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at is likely expected.
Caution: A possible change in the direction of the resistance level at 0.038820000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
There is also a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039060000 |
| 2nd High | 0.039010000 |
| Next High | 0.038820000 |
| Current Price | 0.038510000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.038820000 – 0.039010000 – 0.038860000 – 0.038380000 – 0.038410000 – 0.038430000 — 46.644825606924 – 44.140501985166
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Double bottom chart pattern – –