ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.031460000 is expected.
Caution: A possible change in the direction of resistance at 0.032690000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.033020000 |
| Next High | 0.032690000 |
| Current Price | 0.031200000 |
| Next Low | 0.031460000 |
| 2nd Low | 0.031200000 |
| 3rd Low | 0.029950000 |
0.032690000 – 0.032680000 – 0.033020000 – 0.031760000 – 0.031760000 – 0.031850000 — 27.225798497162 – 24.026953283982
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Double top chart pattern –