ETH/BTC – 1H – SELL

Moreover a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A descending movement down to the next support at 0.038930000 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.040280000 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going 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 – –