ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at is expected.
Caution: A possible change in the direction of resistance at 0.040440000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Southern Doji’ candle chart pattern is found. The candles form ‘Southern Doji’. this is a bullish 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 | 0.041500000 |
| 2nd High | 0.041100000 |
| Next High | 0.040440000 |
| Current Price | 0.040010000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.040440000 – 0.041100000 – 0.039140000 – 0.039980000 – 0.038520000 – 0.038000000 — 40.304219985795 – 39.925769317909
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Southern Doji – Rising Wedge Chart Pattern – –