ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the downtrend down to the next support at 0.03285 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.03354 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.03285 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.03354 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03384 |
| 2nd High | 0.03359 |
| Next High | 0.03354 |
| Current Price | 0.032910000 |
| Next Low | 0.03285 |
| 2nd Low | 0.0323 |
| 3rd Low | 0.03218 |
0.03354 – 0.03359 – 0.03384 – 0.03285 – 0.0333 – 0.03341 —
0.033350000 – 0.033160000 —
49.183395544388 – 40.870323571974 —
– —
0.03354 – 1769736600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –