ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline downwards
A bearish movement down to the next support at 0.034000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.035460000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041140000 |
| 2nd High | 0.035630000 |
| Next High | 0.035460000 |
| Current Price | 0.034260000 |
| Next Low | 0.034000000 |
| 2nd Low | 0.032920000 |
| 3rd Low | 0.031890000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing