ETH/BTC – 30M – SELLThe pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 0.038520000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.039340000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Matching Low’ candlestick chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040440000 |
| 2nd High | 0.040280000 |
| Next High | 0.039340000 |
| Current Price | 0.038580000 |
| Next Low | 0.038520000 |
| 2nd Low | 0.038380000 |
| 3rd Low | 0.038000000 |
0.039340000 – 0.040280000 – 0.040440000 – 0.038910000 – 0.038930000 – 0.039700000 — 22.944894406137 – 22.390555446504
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – Symmetrical Triangle Chart Pattern – –