ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.031760000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.032680000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.033020000 |
| Next High | 0.032680000 |
| Current Price | 0.032230000 |
| Next Low | 0.031760000 |
| 2nd Low | 0.031460000 |
| 3rd Low | 0.031200000 |
0.032680000 – 0.033020000 – 0.032490000 – 0.031760000 – 0.031850000 – 0.031460000 — 52.158046687859 – 50.189848735243
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – –