ETH/BTC – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A bearish movement down to the next support at 0.030690000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.032500000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.032500000 |
| Current Price | 0.030770000 |
| Next Low | 0.030690000 |
| 2nd Low | 0.029760000 |
| 3rd Low | 0.024690000 |
0.032500000 – 0.032210000 – 0.030810000 – 0.030690000 – 0.029760000 – 0.024690000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern