ETH/BTC – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline down.
A descending movement down to the next support level at 0.0333 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.03398 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.033035 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.03398 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03398 |
| Current Price | 0.033490000 |
| Next Low | 0.0333 |
| 2nd Low | 0.03299 |
| 3rd Low | 0.03209 |
0.03398 – 0.03361 – 0.03291 – 0.0333 – 0.03299 – 0.03209 — 48.614493228828 – 47.826288241753 — 67.494622042123 – 36.732702986643 – 79.552920773092 – 62.538562876249
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –