The combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.02469 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.0263 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02674 |
| 2nd High | 0.02662 |
| Next High | 0.0263 |
| Current Price | 0.025980000 |
| Next Low | 0.02469 |
| 2nd Low | 0.02327 |
| 3rd Low | 0.02322 |
0.0263 – 0.02662 – 0.02646 – 0.02609 – 0.02613 – 0.02622 —
0.026090000 – 0.026080000 —
36.739140804006 – 34.303669225802 —
– —
0.0263 – 1781337600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –