ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 0.02644 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.02696 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 0.02812 |
| 2nd High | 0.02799 |
| Next High | 0.02696 |
| Current Price | 0.026720000 |
| Next Low | 0.02644 |
| 2nd Low | 0.02622 |
| 3rd Low | 0.02617 |
0.02696 – 0.02664 – 0.02693 – 0.02644 – 0.02622 – 0.02617 —
0.026700000 – 0.026810000 —
53.861440886028 – 55.502276458303 —
– —
0.02696 – 1780959600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – – –