Moreover a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.038610000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.038840000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039370000 |
| 2nd High | 0.039040000 |
| Next High | 0.038840000 |
| Current Price | 0.038570000 |
| Next Low | 0.038610000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.038420000 |
0.038840000 – 0.038770000 – 0.038730000 – 0.038610000 – 0.038510000 – 0.038420000 — 39.46163815133 – 35.505101347332
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Symmetrical Triangle Chart Pattern – –