ETH/BTC – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 0.02678 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.02722 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.02678 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 0.02722 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.02722 – 0.0273 – 0.02721 – 0.02678 – 0.02681 – 0.02699 —
0.027230000 – 0.027130000 —
67.562176281842 – 44.508830461004 —
– —
0.02722 – 1781964000

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –