ETH/BTC – 4H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline downwards
The bearish trend down to the next support at 0.03382 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.0353 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.03427 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.0353 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03698 |
| 2nd High | 0.03687 |
| Next High | 0.0353 |
| Current Price | 0.034510000 |
| Next Low | 0.03382 |
| 2nd Low | 0.03335 |
| 3rd Low | 0.03324 |
0.03413 – 0.0342 – 0.0341 – 0.03382 – 0.03335 – 0.03324 — 52.766040894103 – 48.580964773432 — 60.961021505376 – 42.127496159754 – 78.908090117768 – 61.930683563748
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Triple bottom chart pattern – –