ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the downtrend down to the next support level at is expected.
Caution: A possible trend reversal in the direction of resistance at 0.023370000 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
In addition a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.023700000 |
| 2nd High | 0.023490000 |
| Next High | 0.023370000 |
| Current Price | 0.023270000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.023370000 – 0.023490000 – 0.023700000 – 0.023050000 – 0.023270000 – 0.023500000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Outside Down –