ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.034550000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.034960000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ chart pattern is detected. The candles show ‘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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035980000 |
| 2nd High | 0.035670000 |
| Next High | 0.034960000 |
| Current Price | 0.033960000 |
| Next Low | 0.034550000 |
| 2nd Low | |
| 3rd Low |