There is also a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A descending movement downwards to the next support line at is expected.
Caution: A possible trend reversal in the direction of resistance at 0.029120000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02957 |
| 2nd High | 0.02917 |
| Next High | 0.029120000 |
| Current Price | 0.028980000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.029120000 – 0.02917 – 0.02916 – 0.0289 – 0.0289 – 0.02877 —
0.029120000 – 0.029060000 —
67.55684709336 – 57.9242639707 —
0.029120000 – 1771671600 —
– 1771671600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern – –