ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.038930000 is certain.
Caution: A possible change in the direction of the resistance level at 0.040280000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041100000 |
| 2nd High | 0.040440000 |
| Next High | 0.040280000 |
| Current Price | 0.039140000 |
| Next Low | 0.038930000 |
| 2nd Low | 0.038520000 |
| 3rd Low | 0.038380000 |
0.040280000 – 0.040440000 – 0.041100000 – 0.038930000 – 0.039700000 – 0.039980000 — 46.557623432396 – 40.691134052296
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –