ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.023270000 is likely expected.
Caution: A possible change in the direction of resistance at 0.025340000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025810000 |
| 2nd High | 0.025740000 |
| Next High | 0.025340000 |
| Current Price | 0.025410000 |
| Next Low | 0.023270000 |
| 2nd Low | 0.023220000 |
| 3rd Low | 0.023050000 |
0.025340000 – 0.024090000 – 0.023780000 – 0.023270000 – 0.023220000 – 0.023050000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Outside Down – Double bottom chart pattern