There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline down.
A bearish movement down to the next support at 0.037490000 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.038020000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.037155 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.038020000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038660000 |
| 2nd High | 0.038240000 |
| Next High | 0.038020000 |
| Current Price | 0.037560000 |
| Next Low | 0.037490000 |
| 2nd Low | 0.036550000 |
| 3rd Low | 0.036070000 |
0.038020000 – 0.038240000 – 0.037200000 – 0.037490000 – 0.037550000 – 0.036550000 — 48.171072404113 – 42.567593300452
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – Symmetrical Triangle Chart Pattern – –