ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline downwards
A bearish movement downwards to the next support level at 0.033670000 will continue.
Caution: A possible change in the direction of the resistance level at 0.034470000 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bearish Engulfing’. this 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 chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035630000 |
| 2nd High | 0.034640000 |
| Next High | 0.034470000 |
| Current Price | 0.033910000 |
| Next Low | 0.033670000 |
| 2nd Low | 0.032820000 |
| 3rd Low | 0.031890000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing