ETH/BTC – 4H – SELLAdditionally a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) goes from the bullish trendline down.
A descending movement down to the next support at 0.038000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.041100000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041630000 |
| 2nd High | 0.041500000 |
| Next High | 0.041100000 |
| Current Price | 0.038530000 |
| Next Low | 0.038000000 |
| 2nd Low | 0.036070000 |
| 3rd Low | 0.034670000 |
0.041100000 – 0.041500000 – 0.041630000 – 0.038000000 – 0.038220000 – 0.038510000 — 41.447479894442 – 34.673279869212
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Symmetrical Triangle Chart Pattern – –