ETH/BTC – 30M – SELL

Furthermore a ‘Double bottom retreat down’ chart pattern is existing. The chart picture forms ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline downwards

A descent down to the next support level at 0.025010000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.025150000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0250088 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.025150000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.025150000 – 0.025250000 – 0.025500000 – 0.025010000 – 0.024820000 – 0.025020000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Black Crows – Double bottom retreat down