ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.018660000 will persist.
Caution: A possible change in the direction of the resistance line at 0.019160000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.
Furthermore a ‘Northern Doji’ chart pattern is existing. The chart forms ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.019510000 |
| 2nd High | 0.019260000 |
| Next High | 0.019160000 |
| Current Price | 0.018920000 |
| Next Low | 0.018660000 |
| 2nd Low | 0.018590000 |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji