Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.
A bearish descent down to the next support line at 0.0336 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.03453 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03538 |
| 2nd High | 0.0346 |
| Next High | 0.03453 |
| Current Price | 0.033760000 |
| Next Low | 0.0336 |
| 2nd Low | 0.0326 |
| 3rd Low | 0.03218 |
0.03453 – 0.03448 – 0.0346 – 0.0336 – 0.03413 – 0.03372 — 37.982010364963 – 36.52260931452 — 18.837021011289 – 4.0908933458035 – 45.65295064943 – 23.235006899564
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Rising Wedge Chart Pattern – –