ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline downwards
A bearish trend downwards to the next support at 0.023150000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.023700000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Matching Low’ candlestick pattern is found. The candles form ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024210000 |
| 2nd High | 0.023950000 |
| Next High | 0.023700000 |
| Current Price | 0.023250000 |
| Next Low | 0.023150000 |
| 2nd Low | 0.022770000 |
| 3rd Low | 0.022500000 |
0.023700000 – 0.023950000 – 0.023810000 – 0.023270000 – 0.023500000 – 0.023150000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Matching Low – Rising Wedge Chart Pattern