ETH/BTC – 4H – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.

A continuation of the downward movement down to the next support level at 0.03413 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.03515 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative chart scenario. 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).

0.03515 – 0.03449 – 0.03413 – 0.03413 – 0.03384 – 0.03393 — 64.453426090239 – 48.65589630539 — 96.847132411986 – 63.513799078653 – 95.747862634749 – 86.629699222736

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –