ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.018940000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.020180000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 0.021750000 |
| 2nd High | 0.021720000 |
| Next High | 0.020180000 |
| Current Price | 0.019610000 |
| Next Low | 0.018940000 |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows