ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.038420000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.038730000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039370000 |
| 2nd High | 0.039040000 |
| Next High | 0.038730000 |
| Current Price | 0.038620000 |
| Next Low | 0.038420000 |
| 2nd Low | 0.038210000 |
| 3rd Low | 0.038000000 |
0.038730000 – 0.039040000 – 0.039370000 – 0.038420000 – 0.038720000 – 0.038970000 — 44.941282579111 – 44.941282579111
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – – –