There is also a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.038580000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.038930000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039720000 |
| 2nd High | 0.039060000 |
| Next High | 0.038930000 |
| Current Price | 0.038780000 |
| Next Low | 0.038580000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.037670000 |
0.038930000 – 0.039060000 – 0.039720000 – 0.038580000 – 0.038810000 – 0.039430000 — 45.807212839198 – 42.857799321448
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Symmetrical Triangle Chart Pattern – –