And also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline down.
A descent downwards to the next support at 0.031760000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.033020000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘RSI cross above 30’ indicator layout is existing. The indicator shows ‘RSI cross above 30’. this is usually a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
And also a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.033020000 |
| Current Price | 0.031960000 |
| Next Low | 0.031760000 |
| 2nd Low | 0.029950000 |
| 3rd Low | 0.024690000 |
0.033020000 – 0.032220000 – 0.032500000 – 0.031760000 – 0.029950000 – 0.024690000 — 55.155544766967 – 45.716186513462
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern –