ETH/BTC – 1H – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards

A continuation of the downtrend down to the next support level at 0.039150000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.041500000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.03915 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.041500000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a negative 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’ going down is 69% (Bull Market) & 70% (Bear Market).

0.041500000 – 0.040690000 – 0.040290000 – 0.039150000 – 0.040460000 – 0.039910000 — 28.900342869874 – 28.259604504055

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –