ETH/BTC – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.
A bearish movement downwards to the next support line at 0.029760000 is certain.
Caution: A possible change in the direction of the resistance line at 0.030810000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.030810000 |
| Current Price | 0.030090000 |
| Next Low | 0.029760000 |
| 2nd Low | 0.024690000 |
| 3rd Low | 0.024590000 |
0.030810000 – 0.029370000 – 0.028720000 – 0.029760000 – 0.024690000 – 0.024820000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – – Rising Wedge Chart Pattern