ETH/BTC – 1H – SELL

The pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards

A descent down to the next support at 0.034670000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.038660000 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.03679 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.038660000 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Southern Doji’ candlestick chart pattern is existing. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.038660000 – 0.039190000 – 0.039460000 – 0.036790000 – 0.037290000 – 0.037390000 — 35.556327626445 – 35.229691900797

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Southern Doji – Double top retreat up – –