ETH/BTC – 1H – SELLAnd also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline down.
A bearish trend down to the next support at 0.040280000 will continue.
Caution: A possible change in the direction of the resistance level at 0.041630000 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.043270000 |
| Next High | 0.041630000 |
| Current Price | 0.040360000 |
| Next Low | 0.040280000 |
| 2nd Low | 0.039580000 |
| 3rd Low | 0.037670000 |
0.041630000 – 0.043270000 – 0.041710000 – 0.040280000 – 0.040860000 – 0.039580000 — 43.534041373013 – 38.050284092742
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern – –