ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.018630000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.019170000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘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).
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.019510000 |
| 2nd High | 0.019390000 |
| Next High | 0.019170000 |
| Current Price | 0.019060000 |
| Next Low | 0.018630000 |
| 2nd Low | 0.018590000 |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low