ETH/BTC – 30M – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.

The bearish trend downwards to the next support line at 0.027880000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.02821 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.02821 – 0.02786 – 0.02777 – 0.027880000 – 0.02674 – 0.02675 —
0.027930000 – 0.028220000 —
51.190139364574 – 65.316146347324 —
0.027880000 – 1783098000 —
0.02821 – 1783074600

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Engulfing – Rising Wedge Chart Pattern – –