The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.038520000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.040440000 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
There is also a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041100000 |
| Next High | 0.040440000 |
| Current Price | 0.039890000 |
| Next Low | 0.038520000 |
| 2nd Low | 0.038380000 |
| 3rd Low | 0.038000000 |
0.040440000 – 0.041100000 – 0.040810000 – 0.039980000 – 0.038520000 – 0.038380000 — 43.501947671659 – 41.487504388348
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Triple bottom chart pattern – –