ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.041140000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.041500000 |
| Next High | 0.041140000 |
| Current Price | 0.033800000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |