ETH/BTC – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support at 0.024820000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.025310000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Furthermore a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.025310000 – 0.025150000 – 0.025250000 – 0.025010000 – 0.024820000 – 0.025020000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern