ETH/BTC – 1H – SELL

The combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 0.0309 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.03359 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Bearish Belt Hold’ chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.03359 – 0.03394 – 0.03336 – 0.03187 – 0.03285 – 0.0333 —
0.032160000 – 0.031790000 —
30.006685963074 – 15.546024476892 —
– —
0.03359 – 1769706000

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Belt Hold – – –