The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.02644 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.02683 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black 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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02837 |
| 2nd High | 0.02696 |
| Next High | 0.02683 |
| Current Price | 0.026400000 |
| Next Low | 0.02644 |
| 2nd Low | 0.02622 |
| 3rd Low | 0.02617 |
0.02683 – 0.02696 – 0.02837 – 0.02644 – 0.02622 – 0.02617 —
0.026600000 – 0.026600000 —
47.502653249308 – 42.059912796242 —
– —
0.02683 – 1781010000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern – –