ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
A bearish trend downwards to the next support line at 0.024690000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.028720000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.028720000 |
| Current Price | 0.029100000 |
| Next Low | 0.024690000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023270000 |
0.028720000 – 0.025300000 – 0.025310000 – 0.024690000 – 0.024820000 – 0.024930000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji –