ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
A descent down to the next support at 0.039730000 is expected.
Caution: A possible change in the direction of the resistance line at 0.040340000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040760000 |
| 2nd High | 0.040380000 |
| Next High | 0.040340000 |
| Current Price | 0.039820000 |
| Next Low | 0.039730000 |
| 2nd Low | 0.039180000 |
| 3rd Low | 0.037880000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows