ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.023390000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.024210000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024330000 |
| 2nd High | 0.024310000 |
| Next High | 0.024210000 |
| Current Price | 0.023470000 |
| Next Low | 0.023390000 |
| 2nd Low | 0.023090000 |
| 3rd Low | 0.022470000 |
0.024210000 – 0.024190000 – 0.024310000 – 0.023390000 – 0.023750000 – 0.023700000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji