ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
The bearish trend down to the next support level at 0.02758 will persist.
Caution: A possible change in the direction of the resistance line at 0.02981 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Last Engulfing Top’ candlestick chart pattern is found. The candles show ‘Last Engulfing Top’. 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 likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03029 |
| 2nd High | 0.03024 |
| Next High | 0.02981 |
| Current Price | 0.029620000 |
| Next Low | 0.02758 |
| 2nd Low | 0.02674 |
| 3rd Low | 0.02617 |
0.02941 – 0.02811 – 0.02804 – 0.02758 – 0.02784 – 0.02779 —
0.029090000 – 0.029640000 —
59.636675099207 – 75.326759303556 —
– —
0.02941 – 1784034000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Top – Rising Wedge Chart Pattern – –