ETH/BTC – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 0.02903 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.03018 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.02910088 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.03018 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.03018 – 0.03033 – 0.03045 – 0.02903 – 0.02967 – 0.02872 —
0.029880000 – 0.029990000 —
62.725138902744 – 54.02156969078 —
– —
0.03018 – 1772330400

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