ETH/BTC – 30M – SELL

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

A descending movement downwards to the next support level at 0.038510000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.038840000 could occur.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.038840000 – 0.038770000 – 0.038730000 – 0.038510000 – 0.038610000 – 0.038510000 — 46.434531180695 – 39.661389786077

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –