ETH/BTC – 1H – SELLFurthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.038510000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.038840000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039390000 |
| 2nd High | 0.039040000 |
| Next High | 0.038840000 |
| Current Price | 0.038590000 |
| Next Low | 0.038510000 |
| 2nd Low | 0.038420000 |
| 3rd Low | 0.038210000 |
0.038840000 – 0.039040000 – 0.039390000 – 0.038510000 – 0.038420000 – 0.038210000 — 41.059263692736 – 39.588334275014
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Symmetrical Triangle Chart Pattern – –