The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
A bearish descent downwards to the next support at 0.0323 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.03327 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
Additionally a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03462 |
| 2nd High | 0.03395 |
| Next High | 0.03327 |
| Current Price | 0.033170000 |
| Next Low | 0.0323 |
| 2nd Low | 0.03218 |
| 3rd Low | 0.03217 |
0.03327 – 0.0332 – 0.033 – 0.0323 – 0.03304 – 0.03299 —
0.033190000 – 0.033330000 —
60.227300677485 – 56.691127660756 —
– —
0.03327 – 1769439600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – – –