ETH/BTC – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 0.031460000 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.033020000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI fall below 70’ indicator signal is found. The indicator shows ‘RSI fall below 70’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.033020000 – 0.032490000 – 0.032130000 – 0.031460000 – 0.031200000 – 0.029950000 — 50.281801550949 – 37.872489094969

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern –