ETH/BTC – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A descending movement down to the next support level at 0.030690000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.032500000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative 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’ heading 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