ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.03286 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.03327 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two Crows’ candlestick pattern is discovered. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03398 |
| 2nd High | 0.03379 |
| Next High | 0.03327 |
| Current Price | 0.033330000 |
| Next Low | 0.03286 |
| 2nd Low | 0.03209 |
| 3rd Low | 0.03201 |
0.03327 – 0.03379 – 0.03398 – 0.03286 – 0.0333 – 0.03299 — 58.949550821615 – 57.922646944651 — 74.323793280855 – 87.918133802817 – 51.032611861328 – 70.900662512352
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – Symmetrical Triangle Chart Pattern – –