ETH/BTC – 30M – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.

A bearish trend downwards to the next support level at 0.032010000 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.033020000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.03211 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.033020000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.033020000 – 0.032460000 – 0.032490000 – 0.032010000 – 0.031830000 – 0.031460000 — 47.936794726302 – 39.867960144945

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern –