The pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.02876 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.02945 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.
And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Tweezers Top’ chart pattern is found. The candles show ‘Tweezers Top’. this 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 probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03029 |
| 2nd High | 0.0295 |
| Next High | 0.02945 |
| Current Price | 0.029320000 |
| Next Low | 0.02876 |
| 2nd Low | 0.02855 |
| 3rd Low | 0.02844 |
0.02945 – 0.02911 – 0.0293 – 0.02876 – 0.0288 – 0.02897 —
0.029410000 – 0.029360000 —
54.159571054127 – 58.792610572933 —
– —
0.02945 – 1770876000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Top – – –