The pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.031430000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.032050000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘StochRSI fall below 80’ indicator layout is detected. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Matching Low’ candle pattern is discovered. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.032690000 |
| 2nd High | 0.032410000 |
| Next High | 0.032050000 |
| Current Price | 0.031850000 |
| Next Low | 0.031430000 |
| 2nd Low | 0.031290000 |
| 3rd Low | 0.030380000 |
0.032050000 – 0.031730000 – 0.032410000 – 0.031430000 – 0.031290000 – 0.031640000 — 59.288290166505 – 59.288290166505
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – Triple bottom chart pattern – –