Next a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A descent downwards to the next support at 0.038120000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.039250000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.039250000 |
| Current Price | 0.038620000 |
| Next Low | 0.038120000 |
| 2nd Low | 0.035400000 |
| 3rd Low | 0.034670000 |
0.039250000 – 0.036270000 – 0.036140000 – 0.038120000 – 0.035400000 – 0.034670000 — 52.964037044603 – 48.867672537733
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Rising Wedge Chart Pattern – –