ETH/BTC – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

The bearish trend downwards to the next support at 0.031850000 is considered certain.

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

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.031485 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.033020000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘On Neck’ candle chart pattern is existing. The chart forms ‘On Neck’. which is a bearish 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’ heading 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 –