ETH/BTC – 30M – SELL

The combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 0.023830000 will continue.

Caution: A possible change in the direction of the resistance line at 0.024320000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.02383 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.024320000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Download ETH/BTC Signal Image

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down