ETH/BTC – 1H – SELL

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.03218 is certain.

Caution: A possible change in the direction of the resistance zone at 0.03311 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.

Then a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair could go up.

Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘Last Engulfing Top’ candlestick pattern is detected. The chart forms ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.03311 – 0.03328 – 0.03309 – 0.03218 – 0.03217 – 0.03288 — 57.660759117363 – 53.759705724188 — 75.015993723218 – 74.336411370632 – 75.21475848472 – 74.260365743255

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Top – Double bottom chart pattern – –