ETH/BTC – 1H – SELL

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 0.02855 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 0.0306 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.02855 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 0.0306 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. which 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.0306 – 0.03023 – 0.03359 – 0.02855 – 0.02871 – 0.02875 —
0.029770000 – 0.029880000 —
56.907046217773 – 57.921281427438 —
– —
0.0306 – 1770148800

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – – –