ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
The bearish trend downwards to the next support line at 0.039180000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.040760000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | |
| 2nd High | 0.041140000 |
| Next High | 0.040760000 |
| Current Price | 0.039900000 |
| Next Low | 0.039180000 |
| 2nd Low | 0.037880000 |
| 3rd Low | 0.037010000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows