ETH/BTC – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.034405 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.036920000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ chart pattern is found. The candles show ‘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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.036920000 |
| Current Price | 0.035460000 |
| Next Low | 0.034110000 |
| 2nd Low | 0.034000000 |
| 3rd Low | 0.032920000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows