ETH/BTC – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.
The bearish trend downwards to the next support level at 0.029950000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.031610000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a negative signal. 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 –