ETH/BTC – 1H – BUYCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.03504158 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.036590000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Matching Low’ candlestick pattern is detected. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038320000 |
| 2nd High | 0.037300000 |
| Next High | 0.036590000 |
| Current Price | 0.035590000 |
| Next Low | 0.035380000 |
| 2nd Low | 0.034620000 |
| 3rd Low | 0.034120000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low