In addition a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.02891 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.02977 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Tweezers Top’ chart pattern is detected. The chart shows ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03029 |
| 2nd High | 0.02994 |
| Next High | 0.02977 |
| Current Price | 0.029320000 |
| Next Low | 0.02891 |
| 2nd Low | 0.02842 |
| 3rd Low | 0.02469 |
0.02977 – 0.02922 – 0.02994 – 0.02891 – 0.02842 – 0.02913 —
0.029610000 – 0.029470000 —
54.109484606124 – 50.548873843677 —
– —
0.02977 – 1771401600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Top – Rising Wedge Chart Pattern – –