ETH/BTC – 30M – SELL

The combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.

A continuation of the downtrend down to the next support level at is likely expected.

Caution: A possible change in the direction of the resistance level at 0.038920000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.038920000 – 0.039010000 – 0.038930000 – 0.038520000 – 0.038580000 – 0.038810000 — 47.887789906117 – 46.847853264937

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –