ETH/BTC – 4H – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards
A bearish movement downwards to the next support at 0.03643 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.038120000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Tweezers Top’ candlestick chart pattern is existing. The candles show ‘Tweezers Top’. 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 probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03972 |
| 2nd High | 0.03893 |
| Next High | 0.038120000 |
| Current Price | 0.036290000 |
| Next Low | 0.03643 |
| 2nd Low | 0.03608 |
| 3rd Low | 0.03607 |
0.038120000 – 0.03785 – 0.03893 – 0.03643 – 0.03608 – 0.03632 — 45.655854851211 – 38.546693283142 — 12.961691324885 – 13.438208793724 – 6.9553246943203 – 10.496216298701
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Top – Rising Wedge Chart Pattern – –