ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.034620000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.037220000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Matching Low’ candle chart pattern is discovered. The candles form ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038320000 |
| 2nd High | 0.037350000 |
| Next High | 0.037220000 |
| Current Price | 0.035010000 |
| Next Low | 0.034620000 |
| 2nd Low | 0.034120000 |
| 3rd Low | 0.034070000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low