ETH/BTC – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.038520000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.039010000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

There is also a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.039010000 – 0.038930000 – 0.039060000 – 0.038520000 – 0.038580000 – 0.038810000 — 48.933169378836 – 48.933169378836

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – Double bottom chart pattern – –