ETH/BTC – 1H – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.
A descending movement downwards to the next support level at 0.029760000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.031380000 |
| Next Low | 0.029760000 |
| 2nd Low | 0.024690000 |
| 3rd Low | 0.024590000 |
0.030810000 – 0.029370000 – 0.028720000 – 0.029760000 – 0.024690000 – 0.024820000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Rising Wedge Chart Pattern