ETH/BTC – 30M – SELLFurthermore a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline downwards
A descent downwards to the next support line at 0.038580000 will continue.
Caution: A possible change in the direction of the resistance level at 0.039720000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039980000 |
| 2nd High | 0.039970000 |
| Next High | 0.039720000 |
| Current Price | 0.038940000 |
| Next Low | 0.038580000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.037670000 |
0.039720000 – 0.039970000 – 0.039980000 – 0.038580000 – 0.038810000 – 0.039430000 — 50.068517122317 – 49.489560775129
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern – –