Then a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
The bearish trend downwards to the next support level at 0.038000000 will persist.
Caution: A possible change in the direction of the resistance level at 0.041100000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041630000 |
| 2nd High | 0.041500000 |
| Next High | 0.041100000 |
| Current Price | 0.039040000 |
| Next Low | 0.038000000 |
| 2nd Low | 0.036070000 |
| 3rd Low | 0.034670000 |
0.041100000 – 0.041500000 – 0.041630000 – 0.038000000 – 0.038220000 – 0.038510000 — 51.698004206209 – 47.887820589952
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – Symmetrical Triangle Chart Pattern – –