ETH/BTC – 1H – SELL

The combination Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards

A bearish movement downwards to the next support at 0.039980000 is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.041100000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.03955 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.041100000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.041100000 – 0.039140000 – 0.039270000 – 0.039980000 – 0.038520000 – 0.038000000 — 51.825056944454 – 49.281673082091

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – – –