The pair Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline down.
A bearish trend downwards to the next support line at 0.02674 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.02786 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.
Then a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02812 |
| 2nd High | 0.02799 |
| Next High | 0.02786 |
| Current Price | 0.028090000 |
| Next Low | 0.02674 |
| 2nd Low | 0.02656 |
| 3rd Low | 0.02652 |
0.02786 – 0.02777 – 0.02703 – 0.02674 – 0.02675 – 0.02677 —
0.027830000 – 0.028210000 —
65.736780392096 – 80.615946905961 —
– —
0.02786 – 1783042200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –