ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the downtrend down to the next support level at will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.035630000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.03328 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.035630000 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.035630000 |
| Current Price | 0.033030000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows