ETH/BTC – 4H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A bearish movement down to the next support at 0.035380000 is certain.
Caution: A possible change in the direction of the resistance level at 0.038320000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ candlestick pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. 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 | 0.040760000 |
| 2nd High | 0.039540000 |
| Next High | 0.038320000 |
| Current Price | 0.037010000 |
| Next Low | 0.035380000 |
| 2nd Low | 0.034620000 |
| 3rd Low | 0.033370000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing