ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.036780000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.037230000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039540000 |
| 2nd High | 0.038320000 |
| Next High | 0.037230000 |
| Current Price | 0.036480000 |
| Next Low | 0.036780000 |
| 2nd Low | 0.036290000 |
| 3rd Low | 0.035900000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows