ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.018760000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.019370000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.020290000 |
| 2nd High | 0.019790000 |
| Next High | 0.019370000 |
| Current Price | 0.018730000 |
| Next Low | 0.018760000 |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows