ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.02955 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.02981 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.
In addition a ‘Last Engulfing Bottom:’ candlestick pattern is detected. The chart shows ‘Last Engulfing Bottom:’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03024 |
| 2nd High | 0.02982 |
| Next High | 0.02981 |
| Current Price | 0.029580000 |
| Next Low | 0.02955 |
| 2nd Low | 0.02952 |
| 3rd Low | 0.02923 |
0.02981 – 0.02982 – 0.03024 – 0.02955 – 0.02952 – 0.02952 —
0.029590000 – 0.029620000 —
44.649637496903 – 48.850223673673 —
– —
0.02981 – 1777546800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Bottom: – – –