ETH/BTC – 4H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.0323 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.03394 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0353 |
| 2nd High | 0.03529 |
| Next High | 0.03394 |
| Current Price | 0.031820000 |
| Next Low | 0.0323 |
| 2nd Low | 0.03217 |
| 3rd Low | 0.03209 |
0.03394 – 0.03529 – 0.03515 – 0.0323 – 0.03263 – 0.03275 —
0.033400000 – 0.032230000 —
47.81995453448 – 23.454673197408 —
– —
0.03394 – 1769544000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – Double top chart pattern – –