ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the downtrend down to the next support at 0.039700000 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.040440000 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041100000 |
| Next High | 0.040440000 |
| Current Price | 0.039840000 |
| Next Low | 0.039700000 |
| 2nd Low | 0.038520000 |
| 3rd Low | 0.038380000 |
0.040440000 – 0.041100000 – 0.040810000 – 0.039700000 – 0.039980000 – 0.038520000 — 42.486868554901 – 41.077356784519
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –