ETH/BTC – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

The combination Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.

A bearish trend down to the next support level at 0.038410000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.039010000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.03838906 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.039010000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.039010000 – 0.038860000 – 0.038900000 – 0.038410000 – 0.038220000 – 0.038500000 — 47.374087152301 – 40.622348894163

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –