ETH/BTC – 30M – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 0.038720000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.039370000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.

Additionally a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.03853314 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.039370000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.039370000 – 0.039390000 – 0.039720000 – 0.038720000 – 0.038970000 – 0.038950000 — 41.850947997195 – 33.428817809876

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