ETH/BTC – 4H – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
The bearish trend down to the next support at is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.025740000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Last Engulfing Top’ candlestick chart pattern is existing. The chart shows ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.026180000 |
| 2nd High | 0.025810000 |
| Next High | 0.025740000 |
| Current Price | 0.024180000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.025740000 – 0.025410000 – 0.025810000 – 0.023470000 – 0.023580000 – 0.023640000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Last Engulfing Top