Moreover a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards
A descent downwards to the next support at 0.03304 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.03318 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K cross below 0.8’ indicator layout is found. The indicator is ‘%K cross below 0.8’. this is usually a bearish signal. The pair is likely to go down.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03462 |
| 2nd High | 0.03395 |
| Next High | 0.03318 |
| Current Price | 0.033110000 |
| Next Low | 0.03304 |
| 2nd Low | 0.03299 |
| 3rd Low | 0.03295 |
0.03318 – 0.03311 – 0.03315 – 0.03304 – 0.03299 – 0.03295 —
0.033210000 – 0.033190000 —
62.031827437817 – 50.090692966642 —
– —
0.03318 – 1769279400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Rising Wedge Chart Pattern – –