ETH/BTC – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.038610000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.038840000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.03856632 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.038840000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.038840000 – 0.038770000 – 0.038730000 – 0.038610000 – 0.038510000 – 0.038420000 — 42.696480857621 – 41.716299239919

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – – –