ETH/BTC – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.03268704 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.03359 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03395 |
| 2nd High | 0.03394 |
| Next High | 0.03359 |
| Current Price | 0.033030000 |
| Next Low | 0.03285 |
| 2nd Low | 0.0323 |
| 3rd Low | 0.03218 |
0.03359 – 0.03394 – 0.03336 – 0.03285 – 0.0333 – 0.03341 —
0.033540000 – 0.033150000 —
45.850067418825 – 42.486620935476 —
– —
0.03359 – 1769706000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –