ETH/BTC – 30M – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.

A continuation of the downtrend down to the next support line at 0.024940000 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.025300000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.025 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.025300000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

0.025300000 – 0.025280000 – 0.025310000 – 0.024940000 – 0.024690000 – 0.024810000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – – Symmetrical Triangle Chart Pattern