ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
A descending movement downwards to the next support level at 0.031830000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.032500000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.032500000 |
| Current Price | 0.032120000 |
| Next Low | 0.031830000 |
| 2nd Low | 0.031460000 |
| 3rd Low | 0.031200000 |
0.032250000 – 0.032080000 – 0.032130000 – 0.031830000 – 0.031460000 – 0.031200000 — 54.65276798229 – 51.537219333098
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Double bottom chart pattern –