The pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.03104 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.03158 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Matching Low’ candlestick chart pattern is found. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03205 |
| 2nd High | 0.03177 |
| Next High | 0.03158 |
| Current Price | 0.031020000 |
| Next Low | 0.03104 |
| 2nd Low | 0.03068 |
| 3rd Low | 0.03037 |
0.03158 – 0.03177 – 0.03205 – 0.03104 – 0.0311 – 0.03114 —
0.031400000 – 0.031270000 —
52.179195845007 – 43.984669241114 —
– —
0.03158 – 1776430800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – – –