ETH/BTC – 30M – SELL

The combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline down.

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

Caution: A possible counter-trend in the direction of resistance at 0.02837 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Besides a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.02795 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.02837 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.02837 – 0.02831 – 0.02844 – 0.02803 – 0.02795 – 0.02802 —
0.028200000 – 0.028210000 —
57.209586343347 – 52.90664526263 —
– —
0.02837 – 1783371600

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern – –