ETH/BTC – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline down.
A descent downwards to the next support at 0.029950000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.031610000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.032500000 |
| Next High | 0.031610000 |
| Current Price | 0.031100000 |
| Next Low | 0.029950000 |
| 2nd Low | 0.029760000 |
| 3rd Low | 0.024690000 |
0.031610000 – 0.031600000 – 0.032500000 – 0.029950000 – 0.030690000 – 0.029760000 — 58.760050378798 – 52.063549699405
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern –