ETH/BTC – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.03837 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.040130000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.040130000 |
| Current Price | 0.039140000 |
| Next Low | 0.038010000 |
| 2nd Low | 0.037200000 |
| 3rd Low | 0.036610000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows