The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards
A bearish movement down to the next support at 0.02898 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.03031 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
Additionally a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03122 |
| 2nd High | 0.0306 |
| Next High | 0.03031 |
| Current Price | 0.029860000 |
| Next Low | 0.02898 |
| 2nd Low | 0.02877 |
| 3rd Low | 0.02855 |
0.03031 – 0.02949 – 0.0298 – 0.02898 – 0.02877 – 0.02883 —
0.030040000 – 0.030140000 —
46.669743606935 – 60.103692816452 —
– —
0.03031 – 1770496200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern – –