ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.033370000 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.037220000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038320000 |
| 2nd High | 0.037350000 |
| Next High | 0.037220000 |
| Current Price | 0.032830000 |
| Next Low | 0.033370000 |
| 2nd Low | 0.032920000 |
| 3rd Low | 0.031890000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down