ETH/BTC – 1H – SELL

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

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

Caution: A possible counter-trend in the direction of the resistance line at 0.03158 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.03047 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.03158 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two Crows’. which 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.03158 – 0.03177 – 0.03205 – 0.03047 – 0.0309 – 0.03104 —
0.030630000 – 0.030810000 —
33.370050410742 – 55.842836332507 —
– —
0.03158 – 1776430800

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – – –