ETH/BTC – 1H – SELL

The combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 0.02704 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.02782 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.02782 – 0.02764 – 0.02765 – 0.02704 – 0.02719 – 0.02729 —
0.027640000 – 0.027440000 —
58.962821306358 – 43.36347401332 —
– —
0.02782 – 1779566400

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