ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
A bearish movement downwards to the next support level at 0.029760000 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.030810000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.030810000 |
| Current Price | 0.030210000 |
| Next Low | 0.029760000 |
| 2nd Low | 0.024690000 |
| 3rd Low | 0.024590000 |
0.030810000 – 0.029370000 – 0.028720000 – 0.029760000 – 0.024690000 – 0.024820000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern