ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A bearish trend downwards to the next support at 0.036000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.036920000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041140000 |
| 2nd High | 0.038250000 |
| Next High | 0.036920000 |
| Current Price | 0.036340000 |
| Next Low | 0.036000000 |
| 2nd Low | 0.034110000 |
| 3rd Low | 0.034000000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing