ETH/BTC – 30M – SELL

The combination Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline downwards

A bearish movement down to the next support level at is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.02812 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.02762 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.02812 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.02812 – 0.02812 – 0.02731 – 0.0277 – 0.02712 – 0.02715 —
0.028060000 – 0.027960000 —
58.567725582374 – 48.78393474131 —
– —
0.02812 – 1780477200

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – – –