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 0.03736328 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.040130000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | 0.040130000 |
| Current Price | 0.037460000 |
| Next Low | 0.037200000 |
| 2nd Low | 0.036610000 |
| 3rd Low | 0.036500000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows