Then a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards
A bearish movement down to the next support level at 0.030040000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.031600000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘RSI fall below 30’ indicator layout is detected. The indicator shows ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.032500000 |
| Next High | 0.031600000 |
| Current Price | 0.030180000 |
| Next Low | 0.030040000 |
| 2nd Low | 0.029760000 |
| 3rd Low | 0.024690000 |
0.031600000 – 0.032500000 – 0.032210000 – 0.030040000 – 0.030690000 – 0.029760000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern –