ETH/BTC – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 0.037670000 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.039990000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.03915 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.039990000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.039990000 – 0.040970000 – 0.041500000 – 0.039150000 – 0.040460000 – 0.039910000 — 25.602442032036 – 24.749801080416

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –