ETH/BTC – 4H – SELLFurthermore a ‘Double bottom retreat down’ chart formation is discovered. The chart picture shows ‘Double bottom retreat down’. which is a bearish chart scenario. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline downwards
A bearish descent down to the next support at 0.03384 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.03449 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Tweezers Top’ chart pattern is discovered. The candles show ‘Tweezers Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03687 |
| 2nd High | 0.0353 |
| Next High | 0.03449 |
| Current Price | 0.034430000 |
| Next Low | 0.03384 |
| 2nd Low | 0.03382 |
| 3rd Low | 0.03335 |
0.03449 – 0.03413 – 0.0342 – 0.03384 – 0.03393 – 0.03382 — 56.802208187845 – 50.284909089462 — 40.150851935055 – 37.062662843532 – 43.557064909836 – 39.591851300255
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Top – Double bottom retreat down – –