ETH/BTC – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.02589 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.0263 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.0260719 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.0263 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘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’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.0263 – 0.02662 – 0.02646 – 0.02589 – 0.02609 – 0.02613 —
0.025980000 – 0.026440000 —
38.980454190504 – 73.733817925018 —
– —
0.0263 – 1781337600

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