ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.035130000 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.035630000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish 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 | 0.037190000 |
| 2nd High | 0.036280000 |
| Next High | 0.035630000 |
| Current Price | 0.035080000 |
| Next Low | 0.035130000 |
| 2nd Low | 0.034620000 |
| 3rd Low | 0.034120000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing