ETH/BTC – 30M – SELL

The pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards

A descent down to the next support line at 0.023840000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.024330000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘Three Inside Down’ candlestick chart pattern is existing. The chart shows ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.024330000 – 0.024070000 – 0.024210000 – 0.023840000 – 0.023980000 – 0.023940000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Inside Down