ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.023830000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.025490000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern 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’ going down is 82%.
In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.026180000 |
| Next High | 0.025490000 |
| Current Price | 0.023190000 |
| Next Low | 0.023830000 |
| 2nd Low | 0.023750000 |
| 3rd Low | 0.023450000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows