ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.034620000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.035630000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.037190000 |
| 2nd High | 0.036280000 |
| Next High | 0.035630000 |
| Current Price | 0.034780000 |
| Next Low | 0.034620000 |
| 2nd Low | 0.034120000 |
| 3rd Low | 0.034070000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low