ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.
A descent downwards to the next support level at 0.034620000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.035780000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.03538824 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.035780000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035940000 |
| 2nd High | 0.035920000 |
| Next High | 0.035780000 |
| Current Price | 0.035620000 |
| Next Low | 0.034620000 |
| 2nd Low | 0.034120000 |
| 3rd Low | 0.034070000 |