ETH/BTC – 30M – SELL

In addition a ‘Double bottom retreat down’ chart pattern is discovered. The chart forms ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.038755 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.038750000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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).

0.038750000 – 0.038920000 – 0.039010000 – 0.038500000 – 0.038520000 – 0.038580000 — 66.280751916173 – 56.96250939897

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double bottom retreat down – –