Then a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline downwards
A bearish descent down to the next support level at 0.029760000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candle pattern is discovered. The candles form ‘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’ going 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