The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.03413 will continue.
Caution: A possible change in the direction of the resistance level at 0.03448 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03538 |
| 2nd High | 0.0346 |
| Next High | 0.03448 |
| Current Price | 0.034140000 |
| Next Low | 0.03413 |
| 2nd Low | 0.03372 |
| 3rd Low | 0.0326 |
0.03448 – 0.0346 – 0.0345 – 0.03413 – 0.03372 – 0.03406 — 54.774728741669 – 42.225584891003 — 77.57719281898 – 44.243859485646 – 79.887298298101 – 68.523634474127
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top chart pattern – –