ETH/BTC – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.03521 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.035980000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041140000 |
| 2nd High | 0.038250000 |
| Next High | 0.035980000 |
| Current Price | 0.035040000 |
| Next Low | 0.034650000 |
| 2nd Low | |
| 3rd Low |