ETH/BTC – 1H – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 0.031760000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.032680000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.03158948 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.032680000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.032680000 – 0.033020000 – 0.032490000 – 0.031760000 – 0.031850000 – 0.031460000 — 45.952623940108 – 44.324185578499

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern –