ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.037880000 will continue.
Caution: A possible change in the direction of the resistance level at 0.039400000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 0.03901 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.039400000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency 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 | 0.040040000 |
| 2nd High | 0.040030000 |
| Next High | 0.039400000 |
| Current Price | 0.038190000 |
| Next Low | 0.037880000 |
| 2nd Low | 0.037010000 |
| 3rd Low | 0.036610000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows