ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.033370000 will persist.
Caution: A possible change in the direction of the resistance zone at 0.035940000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.0345382 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.035940000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038320000 |
| 2nd High | 0.037300000 |
| Next High | 0.035940000 |
| Current Price | 0.035320000 |
| Next Low | 0.033370000 |
| 2nd Low | 0.032920000 |
| 3rd Low | 0.031890000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows