ETH/BTC – 4H – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 0.02958 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.03029 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.03029 – 0.03205 – 0.03158 – 0.02958 – 0.02964 – 0.03068 —
0.030050000 – 0.029710000 —
52.339300822532 – 42.778675852926 —
– —
0.03029 – 1777219200

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