ETH/BTC – 30M – SELL

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline downwards

A bearish movement downwards to the next support at 0.038380000 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.039270000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Next a ‘On Neck’ candlestick pattern is found. The candles form ‘On Neck’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

0.039270000 – 0.038820000 – 0.039010000 – 0.038380000 – 0.038410000 – 0.038430000 — 36.730553771626 – 35.7692937922

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – On Neck – Triple bottom chart pattern – –