ETH/BTC – 4H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline down.
A descending movement down to the next support line at 0.036610000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.041140000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.036515 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.041140000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.041500000 |
| Next High | 0.041140000 |
| Current Price | 0.038630000 |
| Next Low | 0.036610000 |
| 2nd Low | 0.031890000 |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows