ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A bearish descent down to the next support level at 0.038520000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.039270000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Also there is a ‘Southern Doji’ candle pattern is existing. The chart shows ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039980000 |
| 2nd High | 0.039720000 |
| Next High | 0.039270000 |
| Current Price | 0.039250000 |
| Next Low | 0.038520000 |
| 2nd Low | 0.038000000 |
| 3rd Low | 0.037670000 |
0.039140000 – 0.039270000 – 0.038820000 – 0.038520000 – 0.038000000 – 0.038410000 — 66.499077590625 – 65.875361390459
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Southern Doji – Rising Wedge Chart Pattern – –