ETH/BTC – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.028900000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.02988 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Last Engulfing Bottom:’ candlestick pattern is discovered. The candles form ‘Last Engulfing Bottom:’. 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 success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

0.02988 – 0.02964 – 0.02995 – 0.028900000 – 0.02931 – 0.02855 —
0.029380000 – 0.029800000 —
44.268794274153 – 50.719665677762 —
0.028900000 – 1770328800 —
0.02988 – 1770282000

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Last Engulfing Bottom: – – –