ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.03213 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.03292 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.
In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.03232902 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.03292 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03314 |
| 2nd High | 0.03306 |
| Next High | 0.03292 |
| Current Price | 0.032550000 |
| Next Low | 0.03213 |
| 2nd Low | 0.03212 |
| 3rd Low | 0.03201 |
0.03292 – 0.0329 – 0.03306 – 0.03213 – 0.03234 – 0.03267 — 50.539867124114 – 48.863193341191 — 77.209660315037 – 75.176908309377 – 65.666846543242 – 72.632617501015
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –