ETH/BTC – 4H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.03209 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.03393 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03393 |
| Current Price | 0.033310000 |
| Next Low | 0.03209 |
| 2nd Low | 0.03201 |
| 3rd Low | 0.0309 |
0.03393 – 0.03365 – 0.03435 – 0.03209 – 0.03213 – 0.03224 — 55.507232341009 – 52.348040566025 — 41.057799918562 – 18.090424296093 – 53.16249587745 – 39.259137467199
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Double top retreat up – –