ETH/BTC – 30M – SELL

The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.

A bearish movement downwards to the next support level at 0.031000000 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.032220000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.031085 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.032220000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.032220000 – 0.031610000 – 0.030840000 – 0.031000000 – 0.029950000 – 0.030040000 — 57.293937445197 – 56.672851791164

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Double bottom chart pattern –