The combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A bearish movement down to the next support line at 0.031460000 is certain.
Caution: A possible change in the direction of the resistance zone at 0.032080000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
There is also a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.032220000 |
| 2nd High | 0.032130000 |
| Next High | 0.032080000 |
| Current Price | 0.031930000 |
| Next Low | 0.031460000 |
| 2nd Low | 0.031200000 |
| 3rd Low | 0.031000000 |
0.032080000 – 0.032130000 – 0.031980000 – 0.031460000 – 0.031200000 – 0.031000000 — 63.003805827782 – 54.042405192593
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Double bottom retreat down –