ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A descent downwards to the next support line at 0.036900000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.037350000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039540000 |
| 2nd High | 0.038320000 |
| Next High | 0.037350000 |
| Current Price | 0.037010000 |
| Next Low | 0.036900000 |
| 2nd Low | 0.036560000 |
| 3rd Low | 0.035400000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing