ETH/BTC – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.03248064 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.034650000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035670000 |
| 2nd High | 0.035630000 |
| Next High | 0.034650000 |
| Current Price | 0.033100000 |
| Next Low | 0.032820000 |
| 2nd Low | 0.031890000 |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows