ETH/BTC – 1H – SELL

The combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.031200000 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 0.032690000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘RSI fall below 30’ indicator layout is detected. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.032690000 – 0.032680000 – 0.033020000 – 0.031760000 – 0.031760000 – 0.031850000 — 24.371648816015 – 21.179600991334

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – –