There is also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards
A bearish trend down to the next support line at 0.0304 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.03109 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.
There is also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.03050172 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.03109 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03149 |
| 2nd High | 0.03126 |
| Next High | 0.03109 |
| Current Price | 0.030530000 |
| Next Low | 0.0304 |
| 2nd Low | 0.03032 |
| 3rd Low | 0.03029 |
0.03109 – 0.03096 – 0.03086 – 0.03064 – 0.0304 – 0.03032 —
0.030720000 – 0.030810000 —
39.769057538847 – 48.214657702415 —
– —
0.03109 – 1775487600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Rising Wedge Chart Pattern – –