ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.023130000 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.023950000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency 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%.
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart 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 | 0.023620000 |
| Next Low | 0.023130000 |
| 2nd Low | 0.023120000 |
| 3rd Low | 0.022830000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows