Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
A bearish movement downwards to the next support level at will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.03384 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.
Additionally a ‘Bearish Belt Hold’ candle chart pattern is found. The chart shows ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03394 |
| 2nd High | 0.03388 |
| Next High | 0.03384 |
| Current Price | 0.033460000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.03384 – 0.03388 – 0.03394 – 0.03341 – 0.03358 – 0.03306 —
0.033780000 – 0.033530000 —
53.644394879608 – 37.633254711966 —
– —
0.03384 – 1769634000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –