ETH/BTC – 4H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.038000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.041500000 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Shooting Star’ candlestick pattern is discovered. The chart shows ‘Shooting Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.043270000 |
| 2nd High | 0.041630000 |
| Next High | 0.041500000 |
| Current Price | 0.040690000 |
| Next Low | 0.038000000 |
| 2nd Low | 0.036070000 |
| 3rd Low | 0.034670000 |
0.041500000 – 0.041630000 – 0.043270000 – 0.038000000 – 0.038220000 – 0.038510000 — 72.251284662011 – 72.251284662011
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Shooting Star – Triple bottom chart pattern – –