ETH/BTC – 30M – SELL

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

The pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.

A descending movement down to the next support line at 0.031790000 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.032500000 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.032500000 – 0.032120000 – 0.032210000 – 0.031790000 – 0.031540000 – 0.029940000

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