ETH/BTC – 4H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.03209 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.03393 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘%K fall below 80’ indicator signal is detected. The indicator is ‘%K fall below 80’. this is usually a bearish chart scenario. The currency pair could go down.
Next a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a bearish signal. The 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03393 |
| Current Price | 0.033190000 |
| Next Low | 0.03209 |
| 2nd Low | 0.03201 |
| 3rd Low | 0.0309 |
0.03393 – 0.03365 – 0.03435 – 0.03209 – 0.03213 – 0.03224 — 52.351691947863 – 49.743896091331 — 17.572556537203 – 0.25506006253084 – 38.670177490667 – 19.409229383984
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –