ETH/BTC – 1H – SELLThe combination moves from the bullish trendline downwards
The bearish trend downwards to the next support level at 0.038100000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.041140000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 78%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041810000 |
| 2nd High | 0.041500000 |
| Next High | 0.041140000 |
| Current Price | 0.038790000 |
| Next Low | 0.038100000 |
| 2nd Low | 0.037230000 |
| 3rd Low | 0.035230000 |