The pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A bearish descent downwards to the next support at 0.02877 is expected.
Caution: A possible change in the direction of resistance at 0.0293 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Then a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02942 |
| 2nd High | 0.02941 |
| Next High | 0.0293 |
| Current Price | 0.028910000 |
| Next Low | 0.02877 |
| 2nd Low | 0.02872 |
| 3rd Low | 0.02861 |
0.0293 – 0.02926 – 0.02941 – 0.02896 – 0.02911 – 0.02913 —
0.029060000 – 0.029070000 —
40.566702893429 – 47.985881156235 —
– —
0.0293 – 1772929800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – – –