ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
A descent down to the next support level at 0.038520000 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.040810000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.040970000 |
| Next High | 0.040810000 |
| Current Price | 0.040790000 |
| Next Low | 0.038520000 |
| 2nd Low | 0.038380000 |
| 3rd Low | 0.038000000 |
0.040810000 – 0.039470000 – 0.039140000 – 0.038520000 – 0.038380000 – 0.038000000 — 74.377428571698 – 64.837961679048
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –