ETH/BTC – 30M – SELLThe currency pair moves from the ascending trendline down.
A descending movement down to the next support line at 0.039500000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.041140000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041580000 |
| 2nd High | 0.041500000 |
| Next High | 0.041140000 |
| Current Price | 0.040220000 |
| Next Low | 0.039500000 |
| 2nd Low | 0.038100000 |
| 3rd Low | 0.037230000 |