ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.018760000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.019650000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.020290000 |
| 2nd High | 0.019790000 |
| Next High | 0.019650000 |
| Current Price | 0.019230000 |
| Next Low | 0.018760000 |
| 2nd Low | 0.018590000 |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low