ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.023130000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.023950000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025960000 |
| 2nd High | 0.024270000 |
| Next High | 0.023950000 |
| Current Price | 0.023750000 |
| Next Low | 0.023130000 |
| 2nd Low | 0.023120000 |
| 3rd Low | 0.022830000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down