ETH/BTC – 4H – SELL

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 0.03286 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.03398 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ going down is 82%.

0.03398 – 0.03393 – 0.03365 – 0.03286 – 0.03209 – 0.03213 — 53.614101767146 – 48.628109428726 — 69.613480777197 – 53.801156948698 – 62.894119870261 – 62.275132300453

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –