ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline downwards
A descending movement down to the next support at 0.034110000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.041140000 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.041500000 |
| Next High | 0.041140000 |
| Current Price | 0.036500000 |
| Next Low | 0.034110000 |
| 2nd Low | 0.034000000 |
| 3rd Low | 0.032920000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing