Then a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.024940000 is certain.
Caution: A possible change in the direction of the resistance level at 0.025300000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish 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 | 0.025500000 |
| 2nd High | 0.025310000 |
| Next High | 0.025300000 |
| Current Price | 0.025110000 |
| Next Low | 0.024940000 |
| 2nd Low | 0.024690000 |
| 3rd Low | 0.024590000 |
0.025300000 – 0.025280000 – 0.025310000 – 0.024940000 – 0.024690000 – 0.024810000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Symmetrical Triangle Chart Pattern