ETH/BTC – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.03901 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.040030000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this 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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040340000 |
| 2nd High | 0.040040000 |
| Next High | 0.040030000 |
| Current Price | 0.039240000 |
| Next Low | 0.039010000 |
| 2nd Low | 0.037880000 |
| 3rd Low | 0.037010000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows