ETH/BTC – 1H – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.
A bearish movement down to the next support level at 0.03299 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.033980000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Also there is a ‘Three Outside Down’ candle pattern is found. The candles form ‘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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.033980000 |
| Current Price | 0.033480000 |
| Next Low | 0.03299 |
| 2nd Low | 0.03209 |
| 3rd Low | 0.03201 |
0.033980000 – 0.03361 – 0.03291 – 0.03299 – 0.03209 – 0.03225 — 52.990189511124 – 49.80447752542 — 2.6595601496676 – 2.6595601496676 – 9.1382318401914 – 4.02986496776
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –