ETH/BTC – 4H – SELLThen a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
A descending movement down to the next support line at 0.037290000 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.039460000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 – –