Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline downwards
The bearish trend down to the next support level at is likely expected.
Caution: A possible change in the direction of resistance at 0.02993 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03018 |
| 2nd High | 0.0301 |
| Next High | 0.02993 |
| Current Price | 0.029380000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.02993 – 0.02967 – 0.02943 – 0.02927 – 0.02912 – 0.02888 —
0.029690000 – 0.029540000 —
57.788286913575 – 48.855888259558 —
– —
0.02993 – 1773361800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –