ETH/BTC – 1H – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.038510000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.038840000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Besides a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039390000 |
| 2nd High | 0.039040000 |
| Next High | 0.038840000 |
| Current Price | 0.037880000 |
| Next Low | 0.038510000 |
| 2nd Low | 0.038420000 |
| 3rd Low | 0.038210000 |
0.038840000 – 0.039040000 – 0.039390000 – 0.038510000 – 0.038510000 – 0.038420000 — 18.903672830967 – 18.452343617895
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – – –