The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.02922 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.
Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.
Besides a ‘Three Inside Down’ candlestick pattern is existing. The candles show ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03029 |
| 2nd High | 0.02994 |
| Next High | 0.02922 |
| Current Price | 0.028970000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.02922 – 0.02994 – 0.02944 – 0.02891 – 0.02842 – 0.02913 —
0.029050000 – 0.029050000 —
54.611406085911 – 53.313640226911 —
– —
0.02922 – 1771263000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Inside Down – – –