ETH/BTC – 4H – SELL

The pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards

A bearish movement downwards to the next support line at 0.03413 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.03515 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.034485 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.03515 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.03515 – 0.03449 – 0.03413 – 0.03413 – 0.03384 – 0.03393 — 48.59689257391 – 45.590404306465 — 63.516227931071 – 30.182894597738 – 86.633102272714 – 63.516227931071

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –