ETH/BTC – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 0.02912 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.02943 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.029215 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.02943 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.02943 – 0.0293 – 0.02925 – 0.02912 – 0.02888 – 0.02901 —
0.029230000 – 0.029410000 —
49.550272150145 – 68.543339375076 —
– —
0.02943 – 1773255600

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