ETH/BTC – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.03055 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.03079 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.03038 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.03079 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.03079 – 0.03149 – 0.03081 – 0.03055 – 0.03067 – 0.03092 —
0.030730000 – 0.030620000 —
52.227054387042 – 41.217914730708 —
– —
0.03079 – 1775750400

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – – –