ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A bearish trend downwards to the next support at 0.034620000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.035780000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035940000 |
| 2nd High | 0.035920000 |
| Next High | 0.035780000 |
| Current Price | 0.035740000 |
| Next Low | 0.034620000 |
| 2nd Low | 0.034120000 |
| 3rd Low | 0.034070000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing