ETH/BTC – 1H – SELLThe currency pair moves from the bullish trendline downwards
The bearish trend down to the next support at 0.035210000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.041140000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041810000 |
| 2nd High | 0.041500000 |
| Next High | 0.041140000 |
| Current Price | 0.034920000 |
| Next Low | 0.035210000 |
| 2nd Low | 0.034650000 |
| 3rd Low |