ETH/BTC – 1H – SELL

The pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 0.0289 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.02907 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.

Moreover a ‘Last Engulfing Top’ candlestick chart pattern is existing. The candles form ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.02907 – 0.02912 – 0.02917 – 0.0289 – 0.02877 – 0.02888 —
0.029060000 – 0.028840000 —
51.466206583657 – 35.737493052853 —
– —
0.02907 – 1771747200

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