The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.02906 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.0293 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. 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 is certain. Current target is 0.02876332 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.0293 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02982 |
| 2nd High | 0.02981 |
| Next High | 0.0293 |
| Current Price | 0.029020000 |
| Next Low | 0.02906 |
| 2nd Low | 0.02889 |
| 3rd Low | 0.02844 |
0.0293 – 0.02981 – 0.02974 – 0.02906 – 0.02906 – 0.02889 —
0.029230000 – 0.029150000 —
38.749870638493 – 43.258833602889 —
– —
0.0293 – 1784239200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Symmetrical Triangle Chart Pattern – –