ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at is certain.
Caution: A possible counter-trend in the direction of resistance at 0.034960000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.03455 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.034960000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035980000 |
| 2nd High | 0.035670000 |
| Next High | 0.034960000 |
| Current Price | 0.034370000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |