ETH/BTC – 30M – SELLFurthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
A bearish trend downwards to the next support line at 0.03382 will continue.
Caution: A possible change in the direction of the resistance level at 0.0344 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.03399 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.0344 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03524 |
| 2nd High | 0.03449 |
| Next High | 0.0344 |
| Current Price | 0.033980000 |
| Next Low | 0.03382 |
| 2nd Low | 0.03376 |
| 3rd Low | 0.03353 |
0.0344 – 0.03449 – 0.03416 – 0.03415 – 0.03405 – 0.03401 — 34.33595591864 – 27.954138557896 — 20.403089468625 – 11.871692025502 – 20.766253043244 – 19.035885422997
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern – –