ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.029750000 will persist.
Caution: A possible change in the direction of the resistance line at 0.03018 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03045 |
| 2nd High | 0.03033 |
| Next High | 0.03018 |
| Current Price | 0.029920000 |
| Next Low | 0.029750000 |
| 2nd Low | 0.02907 |
| 3rd Low | 0.02906 |
0.03018 – 0.02946 – 0.02942 – 0.029750000 – 0.02907 – 0.02906 —
0.029840000 – 0.030090000 —
56.213759457516 – 64.708382548399 —
0.029750000 – 1772359200 —
0.03018 – 1772330400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – Rising Wedge Chart Pattern – –