ETH/BTC – 30M – SELL

There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

A descending movement down to the next support line at 0.038580000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.039720000 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. 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).

0.039720000 – 0.039970000 – 0.039980000 – 0.038580000 – 0.038810000 – 0.039430000 — 50.068517122317 – 49.489560775129

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern – –