ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.023580000 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.
Additionally a ‘Matching Low’ candlestick pattern is detected. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024270000 |
| 2nd High | 0.023620000 |
| Next High | 0.023580000 |
| Current Price | 0.023290000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low