ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
The bearish trend down to the next support line at 0.023210000 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.024270000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. The currency 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.026010000 |
| 2nd High | 0.025960000 |
| Next High | 0.024270000 |
| Current Price | 0.023510000 |
| Next Low | 0.023210000 |
| 2nd Low | 0.022830000 |
| 3rd Low | 0.022720000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows