ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 0.031200000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.031740000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.033020000 |
| 2nd High | 0.032690000 |
| Next High | 0.031740000 |
| Current Price | 0.031170000 |
| Next Low | 0.031200000 |
| 2nd Low | 0.031000000 |
| 3rd Low | 0.029950000 |
0.031740000 – 0.032690000 – 0.032410000 – 0.031410000 – 0.031760000 – 0.031850000 — 32.085223315228 – 31.360863262821
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – –