ETH/BTC – 1H – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline downwards

A descending movement downwards to the next support line at 0.0336 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.03453 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Southern Doji’ candle pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.03453 – 0.0346 – 0.03457 – 0.0336 – 0.03372 – 0.03218 — 37.571125529661 – 37.131105471486 — 62.847687731611 – 38.726889192207 – 57.018345730166 – 55.314283233012

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Southern Doji – Symmetrical Triangle Chart Pattern – –