ETH/BTC – 1H – SELLMoreover a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.03225 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.03289 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.03213 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.03289 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03306 |
| 2nd High | 0.03292 |
| Next High | 0.03289 |
| Current Price | 0.032190000 |
| Next Low | 0.03225 |
| 2nd Low | 0.03213 |
| 3rd Low | 0.03212 |
0.03289 – 0.03272 – 0.03292 – 0.03225 – 0.03213 – 0.03234 — 37.947153551795 – 34.849937418129 — 7.5944034235792 – 7.5944034235792 – 26.233817867502 – 13.958217249955
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern – –