ETH/BTC – 30M – SELL

Moreover a ‘Double bottom retreat down’ chart layout is discovered. The chart picture shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.

The combination Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline down.

A continuation of the bearish trend down to the next support at 0.038500000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.038900000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.038755 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.038900000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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).

0.038900000 – 0.038750000 – 0.038920000 – 0.038500000 – 0.038520000 – 0.038580000 — 60.357207616892 – 52.962428474963

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double bottom retreat down – –