ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.03288 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.03327 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Last Engulfing Top’ candle pattern is detected. The chart forms ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03379 |
| 2nd High | 0.03356 |
| Next High | 0.03327 |
| Current Price | 0.033190000 |
| Next Low | 0.03288 |
| 2nd Low | 0.03281 |
| 3rd Low | 0.03209 |
0.03327 – 0.03307 – 0.03309 – 0.03288 – 0.03281 – 0.03292 — 59.898719087736 – 54.354415682835 — 37.069844848875 – 46.319858270253 – 25.93942307101 – 36.73360266129
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Top – Double top chart pattern – –