ETH/BTC – 4H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A bearish descent down to the next support line at 0.03335 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.03529 could happen.
Consider stop-loss settings accordingly.

Additionally a ” indicator layout is existing. The indicator shows ”. this is usually a bearish chart signal. The currency pair is likely to fall.

!

Additionally a ‘%K cross below 0.8’ indicator layout is existing. The indicator shows ‘%K cross below 0.8’. this is usually a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support 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 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.03382 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.03529 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.03529 – 0.03515 – 0.03449 – 0.03413 – 0.03384 – 0.03393 —
0.035080000 – 0.034620000 —
48.847592781188 – 38.727425612147 —
– —
0.03529 – 1768752000

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –