ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.
A descent down to the next support level at 0.02898 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.03031 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Tweezers Top’ candle chart pattern is detected. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to go down. 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 | 0.03122 |
| 2nd High | 0.0306 |
| Next High | 0.03031 |
| Current Price | 0.029920000 |
| Next Low | 0.02898 |
| 2nd Low | 0.02877 |
| 3rd Low | 0.02855 |
0.03031 – 0.02949 – 0.0298 – 0.02898 – 0.02877 – 0.02883 —
0.030140000 – 0.029960000 —
58.224184188367 – 46.669744146413 —
– —
0.03031 – 1770496200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Top – – –