ETH/BTC – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.03313 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.03393 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.033145 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.03393 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03393 |
| Current Price | 0.033060000 |
| Next Low | 0.03313 |
| 2nd Low | 0.0326 |
| 3rd Low | 0.03236 |
0.03393 – 0.03372 – 0.03388 – 0.03313 – 0.0332 – 0.0326 — 38.808614814174 – 33.541822163829 — 12.269295302013 – 12.269295302013 – 11.897002973224 – 10.788357568978
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Rising Wedge Chart Pattern – –