The combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.03249 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.03289 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03306 |
| 2nd High | 0.03292 |
| Next High | 0.03289 |
| Current Price | 0.032190000 |
| Next Low | 0.03249 |
| 2nd Low | 0.03244 |
| 3rd Low | 0.03235 |
0.03289 – 0.03257 – 0.03272 – 0.03249 – 0.03244 – 0.03235 — 32.468542498673 – 28.459316837291 — 0 – 0 – 7.5557584287471 – 3.5211178312856
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Double bottom retreat down – –