ETH/BTC – 4H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.
A bearish descent down to the next support level at 0.03393 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.0342 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.
Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.03368084 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.0342 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03687 |
| 2nd High | 0.0353 |
| Next High | 0.0342 |
| Current Price | 0.033980000 |
| Next Low | 0.03393 |
| 2nd Low | 0.03382 |
| 3rd Low | 0.03335 |
0.03413 – 0.0342 – 0.0341 – 0.03393 – 0.03382 – 0.03335 — 44.577534404848 – 38.652697934166 — 52.338000478723 – 31.669557756514 – 62.752332713266 – 51.213106425759
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –