ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.037000000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.037990000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Evening Star’ candle chart pattern is existing. The candles form ‘Evening Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039500000 |
| 2nd High | 0.038590000 |
| Next High | 0.037990000 |
| Current Price | 0.037710000 |
| Next Low | 0.037000000 |
| 2nd Low | 0.036990000 |
| 3rd Low | 0.036610000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Evening Star