ETH/BTC – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.03225 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.03289 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03306 |
| 2nd High | 0.03292 |
| Next High | 0.03289 |
| Current Price | 0.032510000 |
| Next Low | 0.03225 |
| 2nd Low | 0.03213 |
| 3rd Low | 0.03212 |
0.03289 – 0.03272 – 0.03292 – 0.03225 – 0.03213 – 0.03234 — 56.411966273726 – 50.562842509081 — 88.27352656553 – 81.011916140955 – 89.981536884069 – 87.77146721013
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Rising Wedge Chart Pattern – –