ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A bearish trend down to the next support line at 0.024690000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.030290000 |
| Next Low | 0.024690000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023270000 |
0.029370000 – 0.028720000 – 0.025300000 – 0.024690000 – 0.024820000 – 0.024930000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Outside Down –