ETH/BTC – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 0.031760000 is considered certain.

Caution: A possible change in the direction of resistance at 0.032680000 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.03205736 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.032680000 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The candles show ‘Last Engulfing Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.032680000 – 0.033020000 – 0.032460000 – 0.031760000 – 0.031850000 – 0.031960000 — 60.594413189356 – 53.084275215545

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Top – –