ETH/BTC – 4H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards
A descent downwards to the next support at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.03393 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.03212 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.03393 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Shooting Star’ candle pattern is detected. The chart forms ‘Shooting Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03393 |
| Current Price | 0.032500000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.03393 – 0.03365 – 0.03435 – 0.03213 – 0.03224 – 0.03212 — 46.487701591637 – 46.254332415847 — 56.035295125503 – 78.080470601673 – 35.047753968319 – 55.816366353503
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Shooting Star – – –