The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.0298 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Next a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.
Next a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02995 |
| 2nd High | 0.02988 |
| Next High | 0.0298 |
| Current Price | 0.029290000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.0298 – 0.02988 – 0.02964 – 0.0289 – 0.02931 – 0.02855 —
0.029640000 – 0.029550000 —
49.22316317906 – 52.75989577372 —
– —
0.0298 – 1770341400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –