ETH/BTC – 30M – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline down.

A continuation of the bearish trend down to the next support line at 0.03037 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.03088 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.03088 – 0.0312 – 0.03153 – 0.03069 – 0.0309 – 0.03104 —
0.030810000 – 0.030730000 —
38.384344643572 – 40.339002029459 —
– —
0.03088 – 1776601800

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –