ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.03372 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.03448 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candle chart pattern is found. The candles show ‘Two Crows’. 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03538 |
| 2nd High | 0.0346 |
| Next High | 0.03448 |
| Current Price | 0.034230000 |
| Next Low | 0.03372 |
| 2nd Low | 0.0326 |
| 3rd Low | 0.03218 |
0.03448 – 0.0346 – 0.0345 – 0.03372 – 0.03406 – 0.03411 — 53.567184504098 – 47.209924029086 — 46.029905938984 – 41.734244232753 – 28.031506374963 – 39.103401016916
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – Symmetrical Triangle Chart Pattern – –