ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline downwards
A descending movement downwards to the next support at 0.0332 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.03388 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.03309 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.03388 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03388 |
| Current Price | 0.033450000 |
| Next Low | 0.0332 |
| 2nd Low | 0.0326 |
| 3rd Low | 0.03236 |
0.03388 – 0.0336 – 0.03359 – 0.0332 – 0.0326 – 0.03236 — 47.076959301961 – 44.642881255171 — 29.692970643684 – 14.182152796481 – 33.889313678911 – 26.758925302462
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –