ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at will continue.
Caution: A possible trend reversal in the direction of resistance at 0.024310000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.
Next a ‘Three Inside Down’ candlestick pattern is found. The candles show ‘Three Inside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024360000 |
| 2nd High | 0.024330000 |
| Next High | 0.024310000 |
| Current Price | 0.024050000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.024310000 – 0.024330000 – 0.024070000 – 0.023840000 – 0.023980000 – 0.023940000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Inside Down