ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.03236 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.0336 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Tweezers Top’ chart pattern is discovered. The candles form ‘Tweezers Top’. this is a bearish 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 ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03435 |
| 2nd High | 0.03365 |
| Next High | 0.0336 |
| Current Price | 0.033350000 |
| Next Low | 0.03236 |
| 2nd Low | 0.03224 |
| 3rd Low | 0.03212 |
0.0336 – 0.03365 – 0.03355 – 0.03236 – 0.03224 – 0.03298 — 61.26044818607 – 59.56833384223 — 100 – 98.162644053055 – 87.694355477944 – 95.583993547464
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Top – – –