ETH/BTC – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline down.
A bearish trend downwards to the next support level at 0.039980000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.041100000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a bearish signal. The 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 | 0.041630000 |
| 2nd High | 0.041500000 |
| Next High | 0.041100000 |
| Current Price | 0.040310000 |
| Next Low | 0.039980000 |
| 2nd Low | 0.038520000 |
| 3rd Low | 0.038380000 |
0.041100000 – 0.040810000 – 0.039470000 – 0.039980000 – 0.038520000 – 0.038380000 — 54.471572455536 – 50.250062002747
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – Rising Wedge Chart Pattern – –