ETH/BTC – 30M – SELL

The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 0.02875 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.02887 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. 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. Current target is 0.02866204 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.02887 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Identical 3 Crows’ candlestick pattern is discovered. The candles show ‘Identical 3 Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Identical 3 Crows’ heading down is 79% (Bull Market) & 72% (Bear Market).

0.02887 – 0.02896 – 0.02882 – 0.02875 – 0.02857 – 0.02861 —
0.028840000 – 0.028800000 —
51.900615318377 – 43.688341056109 —
– —
0.02887 – 1778308200

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Identical 3 Crows – Rising Wedge Chart Pattern – –