ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.03029 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.03087 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03177 |
| 2nd High | 0.03158 |
| Next High | 0.03087 |
| Current Price | 0.030550000 |
| Next Low | 0.03029 |
| 2nd Low | 0.02982 |
| 3rd Low | 0.02979 |
0.03087 – 0.03158 – 0.03177 – 0.03029 – 0.03047 – 0.03047 —
0.030480000 – 0.030750000 —
47.080917621237 – 54.257937279904 —
– —
0.03087 – 1776690000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – – –