ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.024810000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.025310000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025620000 |
| 2nd High | 0.025500000 |
| Next High | 0.025310000 |
| Current Price | 0.024800000 |
| Next Low | 0.024810000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023900000 |
0.025310000 – 0.025150000 – 0.025250000 – 0.024810000 – 0.025010000 – 0.024820000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Matching Low –