ETH/BTC – 1H – SELL

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

A descending movement down to the next support level at 0.03376 will persist.

Caution: A possible change in the direction of the resistance level at 0.03452 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘RSI fall below 30’ indicator layout is discovered. The indicator is ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.03452 – 0.03402 – 0.03405 – 0.03376 – 0.03353 – 0.03347 — 32.71773322989 – 27.909235463549 — 32.254813727816 – 17.655730398711 – 32.920950004664 – 28.354482816297

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Double bottom chart pattern – –