ETH/BTC – 1H – SELL

The pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline down.

A descending movement downwards to the next support at 0.0323 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.03326 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.03326 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.03326 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Inverted Hammer’ candlestick pattern is detected. The candles form ‘Inverted Hammer’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).

0.03326 – 0.03318 – 0.03311 – 0.0323 – 0.03263 – 0.03276 —
0.033050000 – 0.033200000 —
56.989752499833 – 60.202167688936 —
– —
0.03326 – 1769335200

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Inverted Hammer – Double top retreat up – –