ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.038930000 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.040280000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041100000 |
| 2nd High | 0.040440000 |
| Next High | 0.040280000 |
| Current Price | 0.038560000 |
| Next Low | 0.038930000 |
| 2nd Low | 0.038520000 |
| 3rd Low | 0.038000000 |
0.040280000 – 0.040440000 – 0.041100000 – 0.038930000 – 0.039700000 – 0.039980000 — 22.947474477287 – 22.518116575588
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – Double bottom chart pattern – –