ETH/BTC – 30M – SELLAdditionally a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.040360000 will continue.
Caution: A possible change in the direction of the resistance level at 0.040880000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
Additionally a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041860000 |
| 2nd High | 0.041630000 |
| Next High | 0.040880000 |
| Current Price | 0.040360000 |
| Next Low | 0.040360000 |
| 2nd Low | 0.040280000 |
| 3rd Low | 0.039580000 |
0.040880000 – 0.041630000 – 0.041620000 – 0.040360000 – 0.040280000 – 0.040860000 — 38.461314697827 – 35.150500737743
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern – –