The pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.03069 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.03088 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.
Also there is a ‘Bearish Separating Lines’ candlestick pattern is existing. The candles show ‘Bearish Separating Lines’. 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 probability of ‘Bearish Separating Lines’ going down is 63% (Bull Market) & 76% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03153 |
| 2nd High | 0.0312 |
| Next High | 0.03088 |
| Current Price | 0.030650000 |
| Next Low | 0.03069 |
| 2nd Low | 0.03068 |
| 3rd Low | 0.03037 |
0.03088 – 0.0312 – 0.03153 – 0.03069 – 0.0309 – 0.03104 —
0.030610000 – 0.030700000 —
32.49452637687 – 49.396536493216 —
– —
0.03088 – 1776601800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Separating Lines – – –