ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
A bearish trend downwards to the next support at 0.039940000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.040340000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency 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 | 0.040760000 |
| 2nd High | 0.040380000 |
| Next High | 0.040340000 |
| Current Price | 0.040040000 |
| Next Low | 0.039940000 |
| 2nd Low | 0.039790000 |
| 3rd Low | 0.039180000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing