ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.024360000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Matching Low’ candle pattern is existing. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025740000 |
| 2nd High | 0.024400000 |
| Next High | 0.024360000 |
| Current Price | 0.024210000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.024360000 – 0.024400000 – 0.025740000 – 0.023980000 – 0.023940000 – 0.025010000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Matching Low