ETH/BTC – 4H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.035630000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. 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 Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.035630000 |
| Current Price | 0.032850000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows