ETH/BTC – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 0.038720000 will persist.

Caution: A possible change in the direction of the resistance level at 0.039370000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.03853314 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.039370000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘Three Outside Down’. which is a negative 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).

0.039370000 – 0.039390000 – 0.039720000 – 0.038720000 – 0.038970000 – 0.038950000 — 41.850947997195 – 33.428817809876

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