ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.031200000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.031980000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.032230000 |
| 2nd High | 0.032220000 |
| Next High | 0.031980000 |
| Current Price | 0.031750000 |
| Next Low | 0.031200000 |
| 2nd Low | 0.031000000 |
| 3rd Low | 0.029950000 |
0.031980000 – 0.032220000 – 0.031610000 – 0.031200000 – 0.031000000 – 0.029950000 — 48.083606925464 – 45.415356010644
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – –