ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline down.
A descending movement down to the next support level at 0.031460000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.032570000 |
| Next Low | 0.031460000 |
| 2nd Low | 0.031200000 |
| 3rd Low | 0.029950000 |
0.032490000 – 0.032130000 – 0.032220000 – 0.031460000 – 0.031200000 – 0.029950000 — 59.778799721807 – 55.718483935662
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern –