The combination Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.0306 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.
Additionally a ‘Southern Doji’ candle pattern is found. The chart forms ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03394 |
| 2nd High | 0.03359 |
| Next High | 0.0306 |
| Current Price | 0.029270000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.0306 – 0.03023 – 0.03359 – 0.02855 – 0.02871 – 0.02875 —
0.029790000 – 0.029620000 —
49.304699842711 – 45.795019532106 —
– —
0.0306 – 1770148800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Southern Doji – – –