ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline down.
A bearish descent downwards to the next support at 0.036560000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.037220000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Belt Hold’ candle pattern is found. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038320000 |
| 2nd High | 0.037350000 |
| Next High | 0.037220000 |
| Current Price | 0.036850000 |
| Next Low | 0.036560000 |
| 2nd Low | 0.035400000 |
| 3rd Low | 0.035380000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Belt Hold