The pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.02861 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.02899 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
Also there is a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02912 |
| 2nd High | 0.02907 |
| Next High | 0.02899 |
| Current Price | 0.028850000 |
| Next Low | 0.02861 |
| 2nd Low | 0.02842 |
| 3rd Low | 0.02469 |
0.02899 – 0.02907 – 0.02912 – 0.02861 – 0.0289 – 0.02877 —
0.028950000 – 0.029020000 —
48.232515382384 – 58.198245391328 —
– —
0.02899 – 1771909200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –