ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.035930000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.037190000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candlestick pattern is existing. 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 | 0.037350000 |
| 2nd High | 0.037220000 |
| Next High | 0.037190000 |
| Current Price | 0.035250000 |
| Next Low | 0.035930000 |
| 2nd Low | 0.035580000 |
| 3rd Low | 0.035400000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows