ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.034070000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.035920000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern 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 | 0.037300000 |
| 2nd High | 0.035940000 |
| Next High | 0.035920000 |
| Current Price | 0.034770000 |
| Next Low | 0.034070000 |
| 2nd Low | 0.033370000 |
| 3rd Low | 0.032920000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows