ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.024360000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.
Then a ‘Two Crows’ candle pattern is found. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025740000 |
| 2nd High | 0.024400000 |
| Next High | 0.024360000 |
| Current Price | 0.024190000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.024360000 – 0.024400000 – 0.025740000 – 0.023980000 – 0.023940000 – 0.025010000