ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
A bearish trend downwards to the next support at 0.03376 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.03452 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.036 |
| 2nd High | 0.0353 |
| Next High | 0.03452 |
| Current Price | 0.034360000 |
| Next Low | 0.03376 |
| 2nd Low | 0.03353 |
| 3rd Low | 0.03347 |
0.03452 – 0.03402 – 0.03405 – 0.03376 – 0.03353 – 0.03347 — 59.909447354071 – 57.229895925147 — 98.662557657059 – 94.632102644671 – 99.554185885686 – 97.764886767243
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Triple bottom chart pattern – –