ETH/BTC – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.

A bearish descent down to the next support at 0.02663 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.02754 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.026715 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.02754 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘On Neck’ candle chart pattern is existing. The candles form ‘On Neck’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.02754 – 0.0275 – 0.02644 – 0.02663 – 0.02589 – 0.02609 —
0.027280000 – 0.027330000 —
57.112621403474 – 52.375485115116 —
– —
0.02754 – 1781611200

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – On Neck – Rising Wedge Chart Pattern – –