ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.031760000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.032690000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘RSI fall below 30’ indicator layout is detected. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The pair is likely to go down.
There is also a ‘Tweezers Top’ candle chart pattern is existing. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.033020000 |
| Next High | 0.032690000 |
| Current Price | 0.031480000 |
| Next Low | 0.031760000 |
| 2nd Low | 0.031460000 |
| 3rd Low | 0.031200000 |
0.032690000 – 0.032680000 – 0.033020000 – 0.031760000 – 0.031760000 – 0.031850000 — 36.444155473395 – 31.07169608525
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Top – Double top chart pattern –