ETH/BTC – 1H – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline downwards

A bearish movement downwards to the next support line at is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.03394 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.03394 – 0.03336 – 0.03326 – 0.03341 – 0.0323 – 0.03263 —
0.033770000 – 0.033540000 —
55.683961957486 – 43.523562333371 —
– —
0.03394 – 1769554800

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – – –