ETH/BTC – 4H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
A bearish descent downwards to the next support at 0.037290000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.039460000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.039460000 |
| Current Price | 0.037430000 |
| Next Low | 0.037290000 |
| 2nd Low | 0.034670000 |
| 3rd Low | 0.029970000 |
0.039460000 – 0.037100000 – 0.032410000 – 0.037290000 – 0.034670000 – 0.029970000 — 53.659157614566 – 45.396781971045
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Rising Wedge Chart Pattern – –