ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline down.
A bearish trend downwards to the next support line at 0.024690000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.029370000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Tweezers Top’ candle chart pattern is detected. The chart forms ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.029370000 |
| Current Price | 0.030350000 |
| 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 – Tweezers Top – Rising Wedge Chart Pattern