ETH/BTC – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.

A bearish descent downwards to the next support line at 0.039620000 will persist.

Caution: A possible change in the direction of the resistance line at 0.040690000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.0396576 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.040690000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.040690000 – 0.040410000 – 0.040290000 – 0.039620000 – 0.039280000 – 0.039600000 — 40.458157604384 – 38.598602601748

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