ETH/BTC – 1H – SELLMoreover a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
The bearish trend downwards to the next support at 0.037290000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.038660000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘On Neck’ candle pattern is existing. The candles show ‘On Neck’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039460000 |
| 2nd High | 0.039190000 |
| Next High | 0.038660000 |
| Current Price | 0.038060000 |
| Next Low | 0.037290000 |
| 2nd Low | 0.034670000 |
| 3rd Low | 0.031430000 |
0.038660000 – 0.039190000 – 0.039460000 – 0.037290000 – 0.037390000 – 0.037700000 — 49.748008210091 – 48.728413707448
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – On Neck – Symmetrical Triangle Chart Pattern – –