ETH/BTC – 1H – SELL

The pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards

A continuation of the downward movement down to the next support line at is expected.

Caution: A possible counter-trend in the direction of resistance at 0.039040000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.039040000 – 0.039390000 – 0.039720000 – 0.038420000 – 0.038210000 – 0.038400000 — 52.684201390438 – 48.328234982206

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