ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.02624 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.02639 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Last Engulfing Top’ candle pattern is existing. The candles show ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02674 |
| 2nd High | 0.02662 |
| Next High | 0.02639 |
| Current Price | 0.026230000 |
| Next Low | 0.02624 |
| 2nd Low | 0.02613 |
| 3rd Low | 0.02494 |
0.02639 – 0.02662 – 0.02645 – 0.02624 – 0.02613 – 0.02622 —
0.026310000 – 0.026280000 —
45.771938883549 – 44.387472271365 —
– —
0.02639 – 1781251200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Top – – –