ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.
A bearish descent down to the next support at 0.028440000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.030350000 |
| Next Low | 0.028440000 |
| 2nd Low | 0.028130000 |
| 3rd Low | 0.026460000 |
0.029370000 – 0.028720000 – 0.026840000 – 0.028440000 – 0.028130000 – 0.026460000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Two Crows – Rising Wedge Chart Pattern