ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.0309 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.03158 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03205 |
| 2nd High | 0.03177 |
| Next High | 0.03158 |
| Current Price | 0.030980000 |
| Next Low | 0.0309 |
| 2nd Low | 0.03068 |
| 3rd Low | 0.03037 |
0.03158 – 0.03177 – 0.03205 – 0.0309 – 0.03104 – 0.0311 —
0.031160000 – 0.031060000 —
48.097777060096 – 42.613992648533 —
– —
0.03158 – 1776430800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – – –