ETH/BTC – 1H – SELLThe pair moves from the bullish trendline downwards
A descending movement downwards to the next support at 0.038100000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.041140000 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going 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 |