ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.034620000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.035670000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038250000 |
| 2nd High | 0.035980000 |
| Next High | 0.035670000 |
| Current Price | 0.034730000 |
| Next Low | 0.034620000 |
| 2nd Low | |
| 3rd Low |