Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards
A descending movement downwards to the next support level at 0.02926 will continue.
Caution: A possible change in the direction of the resistance zone at 0.02977 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.
Moreover a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.
Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.02913042 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 0.02977 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03029 |
| 2nd High | 0.02994 |
| Next High | 0.02977 |
| Current Price | 0.029270000 |
| Next Low | 0.02926 |
| 2nd Low | 0.02893 |
| 3rd Low | 0.02891 |
0.02977 – 0.0296 – 0.02922 – 0.02926 – 0.0294 – 0.02893 —
0.029520000 – 0.029480000 —
43.310227402011 – 52.794379885297 —
– —
0.02977 – 1771401600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Rising Wedge Chart Pattern – –