ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.03236 will persist.
Caution: A possible change in the direction of the resistance level at 0.03388 could occur.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.03306 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.03388 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03388 |
| Current Price | 0.033440000 |
| Next Low | 0.03236 |
| 2nd Low | 0.03224 |
| 3rd Low | 0.03212 |
0.03388 – 0.0336 – 0.03365 – 0.03236 – 0.03224 – 0.03298 — 49.3458868065 – 48.972888251269 — 14.197489276651 – 9.4118439668531 – 15.02541414958 – 13.42945047048
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern – –