ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 0.038210000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.039040000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039720000 |
| 2nd High | 0.039390000 |
| Next High | 0.039040000 |
| Current Price | 0.038640000 |
| Next Low | 0.038210000 |
| 2nd Low | 0.038000000 |
| 3rd Low | 0.037670000 |
0.039040000 – 0.039390000 – 0.039720000 – 0.038210000 – 0.038400000 – 0.038930000 — 41.818855159492 – 41.393899100153
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –