Then a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A bearish descent down to the next support level at 0.031850000 will continue.
Caution: A possible change in the direction of the resistance level at 0.032680000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.
Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Then a ‘On Neck’ candlestick chart pattern is existing. The candles form ‘On Neck’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.033020000 |
| Next High | 0.032680000 |
| Current Price | 0.032040000 |
| Next Low | 0.031850000 |
| 2nd Low | 0.031830000 |
| 3rd Low | 0.031460000 |
0.032680000 – 0.033020000 – 0.032460000 – 0.031850000 – 0.031960000 – 0.032010000 — 40.077096282661 – 38.055094879185
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – On Neck – Symmetrical Triangle Chart Pattern –