ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.022590000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.022770000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.023430000 |
| 2nd High | 0.022830000 |
| Next High | 0.022770000 |
| Current Price | 0.022600000 |
| Next Low | 0.022590000 |
| 2nd Low | 0.022360000 |
| 3rd Low | 0.022250000 |
0.022770000 – 0.022830000 – 0.022770000 – 0.022590000 – 0.022360000 – 0.022250000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Matching Low – Double bottom chart pattern