ETH/BTC – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
A descending movement downwards to the next support at 0.025010000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.025310000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. 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 | 0.025620000 |
| 2nd High | 0.025500000 |
| Next High | 0.025310000 |
| Current Price | 0.025080000 |
| Next Low | 0.025010000 |
| 2nd Low | 0.024820000 |
| 3rd Low | 0.024590000 |
0.025310000 – 0.025150000 – 0.025250000 – 0.025010000 – 0.024820000 – 0.025020000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Rising Wedge Chart Pattern