ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.031890000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.034640000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041140000 |
| 2nd High | 0.035630000 |
| Next High | 0.034640000 |
| Current Price | 0.034140000 |
| Next Low | 0.031890000 |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing