ETH/BTC – 4H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.0323 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.03394 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Matching Low’ candle chart pattern is discovered. The candles form ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0353 |
| 2nd High | 0.03529 |
| Next High | 0.03394 |
| Current Price | 0.032070000 |
| Next Low | 0.0323 |
| 2nd Low | 0.03217 |
| 3rd Low | 0.03209 |
0.03394 – 0.03529 – 0.03515 – 0.0323 – 0.03263 – 0.03275 —
0.033590000 – 0.032570000 —
46.732423614558 – 24.035636351257 —
– —
0.03394 – 1769544000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – Double top chart pattern – –