ETH/BTC – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A descending movement down to the next support line at 0.031850000 will continue.

Caution: A possible change in the direction of resistance at 0.033020000 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.031485 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.033020000 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘On Neck’ candle pattern is discovered. The chart shows ‘On Neck’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

0.033020000 – 0.032490000 – 0.032130000 – 0.031850000 – 0.031460000 – 0.031200000 — 43.171096600828 – 41.541977976757

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – On Neck – Rising Wedge Chart Pattern –