ETH/BTC – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 0.038500000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.038900000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.038900000 – 0.038750000 – 0.038920000 – 0.038500000 – 0.038520000 – 0.038580000 — 52.829738777343 – 52.064848558403

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Double bottom retreat down – –