The pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
A bearish trend downwards to the next support level at 0.02927 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.02967 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
And also a ‘Bearish Belt Hold’ candlestick pattern is discovered. The chart forms ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02972 |
| 2nd High | 0.02969 |
| Next High | 0.02967 |
| Current Price | 0.029410000 |
| Next Low | 0.02927 |
| 2nd Low | 0.02912 |
| 3rd Low | 0.02888 |
0.02967 – 0.02943 – 0.0293 – 0.02927 – 0.02912 – 0.02888 —
0.029380000 – 0.029440000 —
51.748485867541 – 58.308901897448 —
– —
0.02967 – 1773324000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Belt Hold – – –