ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.034110000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.037300000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039540000 |
| 2nd High | 0.038320000 |
| Next High | 0.037300000 |
| Current Price | 0.034700000 |
| Next Low | 0.034110000 |
| 2nd Low | 0.034000000 |
| 3rd Low | 0.032920000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows