ETH/BTC – 1H – SELL

Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

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

The bearish trend down to the next support line at 0.038930000 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.040280000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.040280000 – 0.040440000 – 0.041100000 – 0.038930000 – 0.039700000 – 0.039980000 — 35.221170967298 – 29.637738661203

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern – –