ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at is expected.
Caution: A possible change in the direction of resistance at 0.023370000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.
And also a ‘Matching Low’ candle pattern is detected. 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 chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.023950000 |
| 2nd High | 0.023700000 |
| Next High | 0.023370000 |
| Current Price | 0.023160000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.023370000 – 0.023700000 – 0.023950000 – 0.023050000 – 0.023500000 – 0.022770000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Matching Low –