ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.03382 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.03433 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Shooting Star’ chart pattern is existing. The chart forms ‘Shooting Star’. 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 probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03524 |
| 2nd High | 0.03437 |
| Next High | 0.03433 |
| Current Price | 0.034140000 |
| Next Low | 0.03382 |
| 2nd Low | 0.03376 |
| 3rd Low | 0.03353 |
0.03433 – 0.03437 – 0.03524 – 0.03442 – 0.03505 – 0.03445 — 42.843670499279 – 42.843670499279 — 45.837200309358 – 38.227333897615 – 47.370456303171 – 46.702872577885
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Shooting Star – – –