ETH/BTC – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 0.0288 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.02908 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. 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 is expected. Current target is 0.0288 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.02908 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative 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).

0.02908 – 0.0293 – 0.02926 – 0.0288 – 0.02896 – 0.02911 —
0.028910000 – 0.028970000 —
29.170891059375 – 48.625607894407 —
– —
0.02908 – 1772967600

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