ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A bearish trend downwards to the next support level at 0.039910000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.041630000 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.043270000 |
| Next High | 0.041630000 |
| Current Price | 0.040900000 |
| Next Low | 0.039910000 |
| 2nd Low | 0.039280000 |
| 3rd Low | 0.037670000 |
0.040690000 – 0.040290000 – 0.040880000 – 0.039910000 – 0.039280000 – 0.039600000 — 68.580989462852 – 64.49064904043
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –