ETH/BTC – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.02966 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.03122 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.03122 – 0.03326 – 0.03354 – 0.02966 – 0.03157 – 0.03187 —
0.030510000 – 0.030410000 —
30.51969657705 – 31.742043297337 —
– —
0.03122 – 1769900400

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –