ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.03225 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.03289 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.03213 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.03289 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03306 |
| 2nd High | 0.03292 |
| Next High | 0.03289 |
| Current Price | 0.032260000 |
| Next Low | 0.03225 |
| 2nd Low | 0.03213 |
| 3rd Low | 0.03212 |
0.03289 – 0.03272 – 0.03292 – 0.03225 – 0.03213 – 0.03234 — 40.709667237434 – 39.214300926213 — 26.67785996279 – 24.080712740694 – 22.302894626714 – 25.209622201046
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – – –