ETH/BTC – 30M – SELL

The combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.024690000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.025300000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.025 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.025300000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Inside Down’ chart pattern is existing. The candles show ‘Three Inside Down’. 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 probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.025300000 – 0.025280000 – 0.025310000 – 0.024690000 – 0.024810000 – 0.025010000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Inside Down –