And also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.
A bearish movement downwards to the next support line at 0.03308 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.03467 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
And also a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03546 |
| 2nd High | 0.03538 |
| Next High | 0.03467 |
| Current Price | 0.034520000 |
| Next Low | 0.03308 |
| 2nd Low | 0.03218 |
| 3rd Low | 0.03217 |
0.03467 – 0.03441 – 0.03411 – 0.03308 – 0.03375 – 0.0336 — 55.50677667853 – 55.50677667853 — 35.662925522036 – 33.317047715622 – 38.594815463398 – 38.837027703522
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – Rising Wedge Chart Pattern – –