ETH/BTC – 4H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline down.
A bearish movement downwards to the next support line at 0.03213 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.03393 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ chart pattern is discovered. The candles show ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03393 |
| Current Price | 0.033090000 |
| Next Low | 0.03213 |
| 2nd Low | 0.03212 |
| 3rd Low | 0.03201 |
0.03393 – 0.03365 – 0.03435 – 0.03213 – 0.03224 – 0.03212 — 58.338483723822 – 55.243053376995 — 79.55581559765 – 68.582851849143 – 88.791373103521 – 78.838668259424
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Rising Wedge Chart Pattern – –