ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A bearish descent downwards to the next support level at 0.035240000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.036920000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.036920000 |
| Current Price | 0.037000000 |
| Next Low | 0.035240000 |
| 2nd Low | 0.034110000 |
| 3rd Low | 0.034000000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing