ETH/BTC – 1H – SELL

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

A continuation of the downtrend down to the next support at 0.038000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.039270000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘Matching Low’ candle pattern is discovered. The chart forms ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.039270000 – 0.038820000 – 0.039010000 – 0.038000000 – 0.038410000 – 0.038220000 — 53.962300280041 – 53.452655063824

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – Triple bottom chart pattern – –