ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.034960000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035980000 |
| 2nd High | 0.035670000 |
| Next High | 0.034960000 |
| Current Price | 0.033700000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing