ETH/BTC – 1H – SELL

The pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 0.02967 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.03045 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.02965 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.03045 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Two Crows’ candle chart pattern is found. The candles show ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.03045 – 0.03069 – 0.02899 – 0.02967 – 0.02872 – 0.02861 —
0.030110000 – 0.030300000 —
50.312387579473 – 58.867009662906 —
– —
0.03045 – 1772114400

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – – –