ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.038520000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.040280000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Inside Down’ candle pattern is detected. The candles form ‘Three Inside Down’. 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 chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041100000 |
| 2nd High | 0.040440000 |
| Next High | 0.040280000 |
| Current Price | 0.039190000 |
| Next Low | 0.038520000 |
| 2nd Low | 0.038000000 |
| 3rd Low | 0.037670000 |
0.040280000 – 0.040440000 – 0.041100000 – 0.039700000 – 0.039980000 – 0.038520000 — 32.182754895485 – 28.21683649074
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Inside Down – Double top retreat up – –