Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.
A bearish descent downwards to the next support level at 0.031850000 is certain.
Caution: A possible change in the direction of the resistance line at 0.032680000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘On Neck’ candle pattern is existing. The chart shows ‘On Neck’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 –