ETH/BTC – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 0.038500000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.038900000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

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

Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.0385 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.038900000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.038900000 – 0.038750000 – 0.038920000 – 0.038500000 – 0.038520000 – 0.038580000 — 40.213786842359 – 39.677554609189

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – – –