ETH/BTC – 4H – SELLBesides a ‘Double top chart pattern’ chart pattern is detected. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
A bearish movement down to the next support at 0.034670000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.038660000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.039460000 |
| Next High | 0.038660000 |
| Current Price | 0.037020000 |
| Next Low | 0.034670000 |
| 2nd Low | 0.029970000 |
| 3rd Low | 0.029950000 |
0.038660000 – 0.039460000 – 0.037100000 – 0.034670000 – 0.029970000 – 0.031760000 — 46.099132750219 – 41.984779536239
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Double top chart pattern – –