ETH/BTC – 1H – SELLThere is also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A descending movement down to the next support level at 0.03236 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.033930000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.03224 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.033930000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.033930000 |
| Current Price | 0.032420000 |
| Next Low | 0.03236 |
| 2nd Low | 0.03224 |
| 3rd Low | 0.03212 |
0.033930000 – 0.03388 – 0.0336 – 0.03313 – 0.03236 – 0.03224 — 25.662808159464 – 24.676638030343 — 0 – 0 – 0 – 0
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –