ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline down.
A descent down to the next support at 0.039730000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.040340000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.038885 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.040340000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041140000 |
| 2nd High | 0.040760000 |
| Next High | 0.040340000 |
| Current Price | 0.039820000 |
| Next Low | 0.039730000 |
| 2nd Low | 0.039180000 |
| 3rd Low | 0.037010000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows