ETH/BTC – 30M – SELL

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

A bearish descent down to the next support at 0.0288 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.02969 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.

Then a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The pair is likely to go down.

Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.02901004 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.02969 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘On Neck’ chart pattern is found. The candles show ‘On Neck’. 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 chance of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.02969 – 0.02908 – 0.0293 – 0.02919 – 0.02935 – 0.0288 —
0.029450000 – 0.029430000 —
54.111358293865 – 47.981214346701 —
– —
0.02969 – 1773036000

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – On Neck – Rising Wedge Chart Pattern – –