ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.038770000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.039970000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040970000 |
| 2nd High | 0.039990000 |
| Next High | 0.039970000 |
| Current Price | 0.039780000 |
| Next Low | 0.038770000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.037670000 |
0.039970000 – 0.039110000 – 0.039990000 – 0.038770000 – 0.038510000 – 0.039150000 — 65.045915315277 – 60.412448117832
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – Double bottom retreat down – –