ETH/BTC – 30M – SELL

There is also a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A continuation of the downward movement down to the next support line at is expected.

Caution: A possible change in the direction of the resistance level at 0.030490000 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.02947 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.030490000 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.030490000 – 0.030810000 – 0.029370000 – 0.029940000 – 0.029760000 – 0.028440000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern