ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline down.
A continuation of the downward movement down to the next support at 0.02687 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.0273 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Last Engulfing Top’ candle pattern is existing. The chart shows ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02837 |
| 2nd High | 0.02754 |
| Next High | 0.0273 |
| Current Price | 0.027090000 |
| Next Low | 0.02687 |
| 2nd Low | 0.02676 |
| 3rd Low | 0.02663 |
0.0273 – 0.02721 – 0.02754 – 0.02687 – 0.02692 – 0.02676 —
0.027120000 – 0.027220000 —
60.620904207511 – 56.599725164055 —
– —
0.0273 – 1781784000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –