ETH/BTC – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A descent down to the next support line at 0.031540000 is considered certain.
Caution: A possible change in the direction of resistance at 0.032210000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.032210000 |
| Current Price | 0.031700000 |
| Next Low | 0.031540000 |
| 2nd Low | 0.029940000 |
| 3rd Low | 0.029760000 |
0.032210000 – 0.030490000 – 0.030810000 – 0.031540000 – 0.029940000 – 0.029760000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern