ETH/BTC – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 0.02904 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.02981 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Dark Cloud Cover’ candle chart pattern is detected. The chart forms ‘Dark Cloud Cover’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Dark Cloud Cover’ going down is 60% (Bull Market) & 63% (Bear Market).

0.02981 – 0.0296 – 0.02965 – 0.02904 – 0.02933 – 0.02944 —
0.029150000 – 0.029010000 —
42.533319847334 – 35.638824398677 —
– —
0.02981 – 1777867200

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Dark Cloud Cover – – –