ETH/BTC – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.03443594 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.035400000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035920000 |
| 2nd High | 0.035780000 |
| Next High | 0.035400000 |
| Current Price | 0.034820000 |
| Next Low | 0.034770000 |
| 2nd Low | 0.034120000 |
| 3rd Low | 0.034070000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows