ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.03299 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.03361 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03435 |
| 2nd High | 0.03393 |
| Next High | 0.03361 |
| Current Price | 0.033730000 |
| Next Low | 0.03299 |
| 2nd Low | 0.03209 |
| 3rd Low | 0.03201 |
0.03361 – 0.03291 – 0.03279 – 0.03299 – 0.03209 – 0.03217 — 59.623868363116 – 56.379654559785 — 74.76943594822 – 57.879161528977 – 78.944317758795 – 73.917942574538
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Double bottom retreat down – –