ETH/BTC – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.030690000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.032500000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. 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 | 0.032500000 |
| Current Price | 0.030950000 |
| Next Low | 0.030690000 |
| 2nd Low | 0.029760000 |
| 3rd Low | 0.024690000 |
0.032500000 – 0.032210000 – 0.030810000 – 0.030690000 – 0.029760000 – 0.024690000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern –