ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
A bearish descent down to the next support line at 0.037010000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.040320000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.041140000 |
| Next High | 0.040320000 |
| Current Price | 0.039830000 |
| Next Low | 0.037010000 |
| 2nd Low | 0.036610000 |
| 3rd Low | 0.035240000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing