ETH/BTC – 4H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
A descending movement down to the next support at 0.034670000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.038510000 |
| Next Low | 0.034670000 |
| 2nd Low | 0.029970000 |
| 3rd Low | 0.029950000 |
0.037100000 – 0.032410000 – 0.032690000 – 0.034670000 – 0.029970000 – 0.031760000 — 71.991663442962 – 70.328923091013
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double bottom chart pattern – –