The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.0323 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.03326 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03359 |
| 2nd High | 0.03354 |
| Next High | 0.03326 |
| Current Price | 0.031950000 |
| Next Low | 0.0323 |
| 2nd Low | 0.03218 |
| 3rd Low | 0.03217 |
0.03326 – 0.03354 – 0.03359 – 0.03287 – 0.03285 – 0.0333 —
0.032940000 – 0.032610000 —
38.461510237187 – 34.338255459624 —
– —
0.03326 – 1769772600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – – –