ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards
A descending movement downwards to the next support at will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.03525 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.
And also a ‘%K fall below 80’ indicator signal is detected. The indicator is ‘%K fall below 80’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.03436 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.03525 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern 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 Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.036 |
| 2nd High | 0.0353 |
| Next High | 0.03525 |
| Current Price | 0.034650000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.03525 – 0.03452 – 0.03402 – 0.03382 – 0.03376 – 0.03353 — 38.937172291137 – 36.534541677882 — 1.6725921137686 – 0 – 7.2772621353465 – 2.7405192846369
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Triple bottom chart pattern – –