ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.022770000 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.023700000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024210000 |
| 2nd High | 0.023950000 |
| Next High | 0.023700000 |
| Current Price | 0.023390000 |
| Next Low | 0.022770000 |
| 2nd Low | 0.022500000 |
| 3rd Low | 0.022360000 |
0.023700000 – 0.023950000 – 0.023320000 – 0.023500000 – 0.022770000 – 0.022500000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Double top chart pattern