ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.033280000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.035630000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.03328 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.035630000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035980000 |
| 2nd High | 0.035670000 |
| Next High | 0.035630000 |
| Current Price | 0.033670000 |
| Next Low | 0.033280000 |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing