ETH/BTC – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A descending movement downwards to the next support level at 0.038410000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.039010000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.03838906 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.039010000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ heading down is 82%.

0.039010000 – 0.038860000 – 0.038900000 – 0.038410000 – 0.038220000 – 0.038500000 — 47.374087152301 – 40.622348894163

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –