ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
A descent downwards to the next support at 0.03382 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.03452 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.036 |
| 2nd High | 0.0353 |
| Next High | 0.03452 |
| Current Price | 0.034390000 |
| Next Low | 0.03382 |
| 2nd Low | 0.03376 |
| 3rd Low | 0.03353 |
0.03452 – 0.03402 – 0.03405 – 0.03382 – 0.03402 – 0.03376 — 65.03265615493 – 62.690336442155 — 98.171388433622 – 93.494810213115 – 99.390462811207 – 97.222066215579
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –