ETH/BTC – 1H – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.

A continuation of the downward movement down to the next support level at 0.02903 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.0298 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Last Engulfing Bottom:’ chart pattern is existing. The candles form ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

0.0298 – 0.0301 – 0.03018 – 0.02925 – 0.02927 – 0.02903 —
0.029370000 – 0.029190000 —
43.989976197052 – 38.195995457166 —
– —
0.0298 – 1772467200

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Bottom: – – –