ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.036610000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.037320000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Line Strike – Bearish’ chart pattern is found. The chart forms ‘Three Line Strike – Bearish’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038150000 |
| 2nd High | 0.037730000 |
| Next High | 0.037320000 |
| Current Price | 0.036860000 |
| Next Low | 0.036610000 |
| 2nd Low | 0.036500000 |
| 3rd Low | 0.035900000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Line Strike – Bearish