The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.02967 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.03033 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.
And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03069 |
| 2nd High | 0.03045 |
| Next High | 0.03033 |
| Current Price | 0.029820000 |
| Next Low | 0.02967 |
| 2nd Low | 0.02872 |
| 3rd Low | 0.02861 |
0.03033 – 0.03014 – 0.03045 – 0.02992 – 0.02967 – 0.02872 —
0.030170000 – 0.029980000 —
54.064517109243 – 41.175569334196 —
– —
0.03033 – 1772164800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Double top chart pattern – –