Next a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A descending movement downwards to the next support at 0.03404 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.03466 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03538 |
| 2nd High | 0.03467 |
| Next High | 0.03466 |
| Current Price | 0.034470000 |
| Next Low | 0.03404 |
| 2nd Low | 0.03375 |
| 3rd Low | 0.03308 |
0.03466 – 0.03467 – 0.03446 – 0.03404 – 0.03375 – 0.03308 — 53.378106836447 – 51.326094816317 — 37.682527020293 – 36.369495405648 – 26.879911975846 – 34.624305142135
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Symmetrical Triangle Chart Pattern – –