ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.037150000 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.037730000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038400000 |
| 2nd High | 0.038150000 |
| Next High | 0.037730000 |
| Current Price | 0.037030000 |
| Next Low | 0.037150000 |
| 2nd Low | 0.036500000 |
| 3rd Low | 0.035900000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows