ETH/BTC – 4H – SELL

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

A continuation of the bearish trend down to the next support level at will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.039720000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.038 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.039720000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish 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).

0.039720000 – 0.041100000 – 0.041500000 – 0.038420000 – 0.038210000 – 0.038000000 — 43.341663062126 – 27.281911019819

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –