ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards
A descent down to the next support level at 0.035240000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.038400000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.038400000 |
| Current Price | 0.037280000 |
| Next Low | 0.035240000 |
| 2nd Low | 0.034110000 |
| 3rd Low | 0.034000000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows