ETH/BTC – 4H – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The pair Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline down.

The bearish trend down to the next support level at 0.038000000 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.041100000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Three Outside Down’ candle chart pattern is detected. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.041100000 – 0.041500000 – 0.041630000 – 0.038000000 – 0.038220000 – 0.038510000 — 34.997314845662 – 33.259961289488

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern – –