The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A descent down to the next support level at 0.03038 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.03126 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03166 |
| 2nd High | 0.03149 |
| Next High | 0.03126 |
| Current Price | 0.031230000 |
| Next Low | 0.03038 |
| 2nd Low | 0.03032 |
| 3rd Low | 0.03029 |
0.03081 – 0.03109 – 0.03096 – 0.03038 – 0.0305 – 0.03064 —
0.031260000 – 0.031430000 —
74.042535050872 – 71.344930830514 —
– —
0.03081 – 1775552400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –