ETH/BTC – 30M – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 0.029940000 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.032500000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.

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

0.032500000 – 0.032120000 – 0.032210000 – 0.031790000 – 0.031540000 – 0.029940000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Outside Down – Double top chart pattern