In addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline down.
A bearish descent downwards to the next support level at 0.0289 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.02917 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02977 |
| 2nd High | 0.02957 |
| Next High | 0.02917 |
| Current Price | 0.028930000 |
| Next Low | 0.0289 |
| 2nd Low | 0.02877 |
| 3rd Low | 0.02842 |
0.02917 – 0.02916 – 0.02957 – 0.0289 – 0.02877 – 0.02877 —
0.028950000 – 0.028980000 —
43.185753441165 – 45.884216335865 —
– —
0.02917 – 1771608600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Rising Wedge Chart Pattern – –