ETH/BTC – 30M – SELL

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 0.025170000 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 0.025620000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.024835 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.025620000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

0.025620000 – 0.025770000 – 0.025180000 – 0.025170000 – 0.025220000 – 0.024590000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – – Double bottom retreat down