ETH/BTC – 30M – SELL

The currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.

A continuation of the downtrend down to the next support line at 0.038420000 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.038770000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.03842 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.038770000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.038770000 – 0.038730000 – 0.039040000 – 0.038420000 – 0.038720000 – 0.038970000 — 47.496252875895 – 40.815311515482

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top chart pattern – –