The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 0.03038 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.03087 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Additionally a ‘Two Crows’ chart pattern is found. The candles show ‘Two 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0312 |
| 2nd High | 0.03088 |
| Next High | 0.03087 |
| Current Price | 0.030650000 |
| Next Low | 0.03038 |
| 2nd Low | 0.03029 |
| 3rd Low | 0.02984 |
0.03087 – 0.03075 – 0.03057 – 0.03038 – 0.03029 – 0.03047 —
0.030660000 – 0.030740000 —
56.184231526131 – 64.148215891922 —
– —
0.03087 – 1776835800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – – –