ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at will persist.
Caution: A possible counter-trend in the direction of resistance at 0.03272 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.
Next a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.
Next a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03306 |
| 2nd High | 0.03292 |
| Next High | 0.03272 |
| Current Price | 0.032510000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.03272 – 0.03292 – 0.0329 – 0.03235 – 0.03225 – 0.03213 — 50.854188438284 – 50.018336915256 — 94.686226568867 – 86.643846780766 – 92.048439948872 – 91.452563966987
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –