ETH/BTC – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline down.

A descending movement down to the next support line at 0.039620000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.040690000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.0396576 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.040690000 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘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).

0.040690000 – 0.040410000 – 0.040290000 – 0.039620000 – 0.039280000 – 0.039600000 — 40.458157604384 – 38.598602601748

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –