ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 0.031760000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.032690000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.033020000 |
| Next High | 0.032690000 |
| Current Price | 0.032330000 |
| Next Low | 0.031760000 |
| 2nd Low | 0.031460000 |
| 3rd Low | 0.031200000 |
0.032690000 – 0.032410000 – 0.032390000 – 0.031760000 – 0.031850000 – 0.031760000 — 43.977716217004 – 38.456437026407
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – Double bottom retreat down –