ETH/BTC – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.
The bearish trend down to the next support level at 0.024820000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.025310000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025810000 |
| 2nd High | 0.025770000 |
| Next High | 0.025310000 |
| Current Price | 0.024950000 |
| Next Low | 0.024820000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023270000 |
0.025310000 – 0.025250000 – 0.025770000 – 0.024820000 – 0.024930000 – 0.024590000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern