ETH/BTC – 4H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
A descent down to the next support level at 0.036070000 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.038660000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.039460000 |
| Next High | 0.038660000 |
| Current Price | 0.041990000 |
| Next Low | 0.036070000 |
| 2nd Low | 0.034670000 |
| 3rd Low | 0.029970000 |
0.038660000 – 0.039460000 – 0.037100000 – 0.036070000 – 0.034670000 – 0.029970000 — 68.242864006502 – 66.675411280607
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – Double bottom chart pattern – –