ETH/BTC – 1H – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.

A continuation of the bearish trend down to the next support line at 0.038510000 is considered certain.

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

Then a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. 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 Black Crows’ going down is 82%.

0.038840000 – 0.039040000 – 0.039390000 – 0.038510000 – 0.038510000 – 0.038420000 — 38.491891839584 – 18.961664065274

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Double top chart pattern – –