ETH/BTC – 30M – SELL

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.03104 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.03153 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.03153 – 0.03158 – 0.03177 – 0.03104 – 0.0311 – 0.03148 —
0.031240000 – 0.031120000 —
38.439619218329 – 25.619240062696 —
– —
0.03153 – 1776465000

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – – –