ETH/BTC – 30M – BUYThere is also a ‘Falling Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 0.024720000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.024330000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025070000 |
| 2nd High | 0.025060000 |
| Next High | 0.024720000 |
| Current Price | 0.025140000 |
| Next Low | 0.024330000 |
| 2nd Low | 0.023470000 |
| 3rd Low | 0.023090000 |
0.024720000 – 0.023700000 – 0.023950000 – 0.024330000 – 0.023470000 – 0.023520000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji