ETH/BTC – 4H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.030215 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.03166 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The chart forms ‘Bearish Belt Hold’. 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 chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03529 |
| 2nd High | 0.03394 |
| Next High | 0.03166 |
| Current Price | 0.030520000 |
| Next Low | 0.02923 |
| 2nd Low | 0.02888 |
| 3rd Low | 0.0288 |
0.03166 – 0.03002 – 0.02969 – 0.02923 – 0.02888 – 0.0288 —
0.031490000 – 0.031090000 —
76.153504582191 – 57.270395664096 —
– —
0.03166 – 1773748800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Belt Hold – Rising Wedge Chart Pattern – –