ETH/BTC – 1H – SELLFurthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
A descent down to the next support level at 0.037290000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.038660000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘On Neck’ candle chart pattern is discovered. The candles form ‘On Neck’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ going 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 – –