And also a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
A descent downwards to the next support at 0.02676 will continue.
Caution: A possible change in the direction of resistance at 0.0273 could happen.
Consider stop-loss settings accordingly.
And also a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02837 |
| 2nd High | 0.02754 |
| Next High | 0.0273 |
| Current Price | 0.026970000 |
| Next Low | 0.02676 |
| 2nd Low | 0.02663 |
| 3rd Low | 0.02589 |
0.0273 – 0.02721 – 0.02754 – 0.02676 – 0.02687 – 0.02663 —
0.027010000 – 0.027030000 —
39.958051752835 – 48.330464711009 —
– —
0.0273 – 1781784000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –