ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A bearish trend downwards to the next support line at will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.025770000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.
Additionally a ‘Matching Low’ chart pattern is found. The chart shows ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.026180000 |
| 2nd High | 0.025810000 |
| Next High | 0.025770000 |
| Current Price | 0.025020000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.025770000 – 0.025340000 – 0.024090000 – 0.024930000 – 0.024590000 – 0.023270000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Matching Low – Double top retreat up