Buy ETH/BTC – 30M – BUY

The 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

Download ETH/BTC Signal Image

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