ETH/BTC – 4H – SELL

The combination Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.

The bearish trend downwards to the next support level at 0.02923 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.03166 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish pattern signal. 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).

0.03166 – 0.03002 – 0.02969 – 0.02923 – 0.02888 – 0.0288 —
0.030850000 – 0.030590000 —
57.284858380466 – 50.9357868388 —
– —
0.03166 – 1773748800

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