ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.02855 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.0306 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Belt Hold’ chart pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03394 |
| 2nd High | 0.03359 |
| Next High | 0.0306 |
| Current Price | 0.029420000 |
| Next Low | 0.02855 |
| 2nd Low | 0.02469 |
| 3rd Low | 0.02327 |
0.0306 – 0.03023 – 0.03359 – 0.02855 – 0.02871 – 0.02875 —
0.029600000 – 0.029760000 —
44.513490429608 – 55.659202759933 —
– —
0.0306 – 1770148800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Belt Hold – Double top chart pattern – –