ETH/BTC – 30M – SELL

Then a ‘Double bottom retreat down’ chart layout is discovered. The chart picture forms ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to fall.

The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support level at 0.038500000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.038900000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.038755 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.038900000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.038900000 – 0.038750000 – 0.038920000 – 0.038500000 – 0.038520000 – 0.038580000 — 60.357207616892 – 52.962428474963

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double bottom retreat down – –