ETH/BTC – 4H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
A descent down to the next support level at 0.03194 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.03698 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The pair is likely to go down.
Besides a ‘Last Engulfing Top’ chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03812 |
| 2nd High | 0.03714 |
| Next High | 0.03698 |
| Current Price | 0.032140000 |
| Next Low | 0.03194 |
| 2nd Low | 0.02997 |
| 3rd Low | 0.02995 |
0.03698 – 0.03591 – 0.03714 – 0.03457 – 0.03505 – 0.03513 — 39.382286982728 – 23.664390918743 — 25.664560136423 – 25.664560136423 – 16.589485486109 – 22.73492397153
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –