ETH/BTC – 1H – SELL

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

A bearish trend down to the next support line at 0.038520000 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.040280000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.040280000 – 0.040440000 – 0.041100000 – 0.039700000 – 0.039980000 – 0.038520000 — 40.003899365348 – 38.720966032236

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – – –