ETH/BTC – 30M – SELL

Moreover a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.

A continuation of the downward movement down to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.030490000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.02947 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.030490000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish pattern signal. 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).

0.030490000 – 0.030810000 – 0.029370000 – 0.029940000 – 0.029760000 – 0.028440000

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