ETH/BTC – 1H – SELL

The pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.02991 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.02991 – 0.02996 – 0.03087 – 0.02977 – 0.02964 – 0.02964 —
0.029910000 – 0.029890000 —
57.029066349829 – 53.17838521727 —
– —
0.02991 – 1777136400

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