ETH/BTC – 30M – SELL

The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 0.02887 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.0291 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.0291 – 0.0298 – 0.0301 – 0.02887 – 0.02908 – 0.02926 —
0.028990000 – 0.028910000 —
42.483814714066 – 36.439229463132 —
– —
0.0291 – 1772578800

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – – –