ETH/BTC – 4H – SELLMoreover a ‘Double bottom retreat down’ chart pattern is existing. The chart shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
The bearish trend down to the next support level at 0.03224 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.03365 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Tweezers Top’ candlestick chart pattern is detected. The chart forms ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03365 |
| Current Price | 0.033060000 |
| Next Low | 0.03224 |
| 2nd Low | 0.03212 |
| 3rd Low | 0.03201 |
0.03365 – 0.03435 – 0.03442 – 0.03224 – 0.03212 – 0.03312 — 57.313711354955 – 46.181094361924 — 80.167183244106 – 67.478162862778 – 80.254218715757 – 74.837356375818
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Top – Double bottom retreat down – –