ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 0.033790000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.034670000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041140000 |
| 2nd High | 0.035310000 |
| Next High | 0.034670000 |
| Current Price | 0.034040000 |
| Next Low | 0.033790000 |
| 2nd Low | 0.033580000 |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows