ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.02494 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.0263 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02662 |
| 2nd High | 0.02639 |
| Next High | 0.0263 |
| Current Price | 0.025990000 |
| Next Low | 0.02494 |
| 2nd Low | 0.02469 |
| 3rd Low | 0.02459 |
0.0263 – 0.02626 – 0.02639 – 0.02616 – 0.02609 – 0.02624 —
0.026070000 – 0.026050000 —
43.024543565917 – 34.028151493084 —
– —
0.0263 – 1781337600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – – –