The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.02923 will persist.
Caution: A possible change in the direction of the resistance line at 0.02948 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02982 |
| 2nd High | 0.02981 |
| Next High | 0.02948 |
| Current Price | 0.029060000 |
| Next Low | 0.02923 |
| 2nd Low | 0.02912 |
| 3rd Low | 0.02888 |
0.02948 – 0.02981 – 0.02966 – 0.02929 – 0.02933 – 0.02944 —
0.029410000 – 0.029230000 —
43.990480922867 – 26.287959336908 —
– —
0.02948 – 1777946400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –