ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.037020000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.038590000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.03701 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.038590000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this 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 | 0.039500000 |
| Next High | 0.038590000 |
| Current Price | 0.037520000 |
| Next Low | 0.037020000 |
| 2nd Low | 0.037010000 |
| 3rd Low | 0.036610000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows