ETH/BTC – 1H – SELL

The pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 0.0323 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.03336 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Bearish Belt Hold’ candle pattern is detected. The chart forms ‘Bearish Belt Hold’. which 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.03336 – 0.03326 – 0.03318 – 0.0323 – 0.03263 – 0.03276 —
0.033240000 – 0.033180000 —
57.049947103615 – 53.461151899696 —
– —
0.03336 – 1769461200

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Belt Hold – Double top chart pattern – –