ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.034120000 is certain.
Caution: A possible change in the direction of resistance at 0.035920000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. 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 | 0.037300000 |
| 2nd High | 0.035940000 |
| Next High | 0.035920000 |
| Current Price | 0.035460000 |
| Next Low | 0.034120000 |
| 2nd Low | 0.034070000 |
| 3rd Low | 0.033370000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing