ETH/BTC – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

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

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

Caution: A possible trend reversal in the direction of the resistance level at 0.025310000 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.02498048 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.025310000 could happen.
Consider stop-loss settings accordingly.

0.025310000 – 0.025150000 – 0.025250000 – 0.025010000 – 0.024820000 – 0.025020000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – – Rising Wedge Chart Pattern