ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.02877 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.03031 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Last Engulfing Top’ candlestick pattern is detected. The candles form ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03359 |
| 2nd High | 0.0306 |
| Next High | 0.03031 |
| Current Price | 0.029980000 |
| Next Low | 0.02877 |
| 2nd Low | 0.02855 |
| 3rd Low | 0.02469 |
0.03031 – 0.0298 – 0.0306 – 0.02877 – 0.02885 – 0.02855 —
0.030310000 – 0.030140000 —
71.464417653409 – 62.923399150777 —
– —
0.03031 – 1770494400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Top – Double top chart pattern – –