ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.039010000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039980000 |
| 2nd High | 0.039720000 |
| Next High | 0.039010000 |
| Current Price | 0.038710000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.039010000 – 0.039720000 – 0.039980000 – 0.038520000 – 0.038580000 – 0.038510000 — 56.222244009809 – 49.230571807268
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –