ETH/BTC – 4H – SELLAnd also a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.03224 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.03393 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03393 |
| Current Price | 0.032370000 |
| Next Low | 0.03224 |
| 2nd Low | 0.03212 |
| 3rd Low | 0.03201 |
0.03393 – 0.03365 – 0.03435 – 0.03224 – 0.03212 – 0.03312 — 43.88441938788 – 38.585877802176 — 27.493537229532 – 18.215246501753 – 30.737622364011 – 25.364526272908
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Symmetrical Triangle Chart Pattern – –