ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
A bearish descent down to the next support line at 0.036560000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.037310000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Engulfing’ candle chart pattern is discovered. 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 success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039540000 |
| 2nd High | 0.038320000 |
| Next High | 0.037310000 |
| Current Price | 0.037020000 |
| Next Low | 0.036560000 |
| 2nd Low | 0.035580000 |
| 3rd Low | 0.035400000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing