ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
A bearish descent downwards to the next support level at 0.036500000 will persist.
Caution: A possible change in the direction of the resistance level at 0.037320000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.0365 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 0.037320000 should always be considered.
Consider stop-loss settings accordingly.
Next 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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038150000 |
| 2nd High | 0.037730000 |
| Next High | 0.037320000 |
| Current Price | 0.036780000 |
| Next Low | 0.036500000 |
| 2nd Low | 0.035900000 |
| 3rd Low | 0.035240000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows