ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.024310000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024360000 |
| 2nd High | 0.024330000 |
| Next High | 0.024310000 |
| Current Price | 0.024050000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.024310000 – 0.024330000 – 0.024070000 – 0.023700000 – 0.023840000 – 0.023980000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji