ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A descent down to the next support line at 0.036500000 is expected.
Caution: A possible change in the direction of resistance at 0.038250000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.038250000 |
| Current Price | 0.037680000 |
| Next Low | 0.036500000 |
| 2nd Low | 0.035900000 |
| 3rd Low | 0.035240000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing