The pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.031760000 is expected.
Caution: A possible change in the direction of the resistance zone at 0.033020000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.033020000 |
| Current Price | 0.031420000 |
| Next Low | 0.031760000 |
| 2nd Low | 0.029950000 |
| 3rd Low | 0.024690000 |
0.033020000 – 0.032220000 – 0.032500000 – 0.031760000 – 0.029950000 – 0.024690000 — 38.76676215773 – 36.005913623237
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Double top retreat up –