ETH/BTC – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.02891 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.02994 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.02918 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.02994 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.02922 – 0.02994 – 0.02945 – 0.02891 – 0.02842 – 0.02913 —
0.029470000 – 0.029770000 —
63.107711112836 – 69.390338956428 —
– —
0.02922 – 1771261200

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern – –