ETH/BTC – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.0373676 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.037990000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039500000 |
| 2nd High | 0.038590000 |
| Next High | 0.037990000 |
| Current Price | 0.037620000 |
| Next Low | 0.037000000 |
| 2nd Low | 0.036990000 |
| 3rd Low | 0.036610000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing