ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 0.035900000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.038320000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.03695 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.038320000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040030000 |
| 2nd High | 0.039540000 |
| Next High | 0.038320000 |
| Current Price | 0.036460000 |
| Next Low | 0.035900000 |
| 2nd Low | 0.035240000 |
| 3rd Low | 0.034110000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows