ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.02903 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.03033 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Southern Doji’ candlestick pattern is detected. The candles show ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03069 |
| 2nd High | 0.03045 |
| Next High | 0.03033 |
| Current Price | 0.029870000 |
| Next Low | 0.02903 |
| 2nd Low | 0.02872 |
| 3rd Low | 0.02861 |
0.03033 – 0.03045 – 0.03069 – 0.02903 – 0.02967 – 0.02872 —
0.029390000 – 0.030030000 —
50.001063204968 – 68.312885003239 —
– —
0.03033 – 1772164800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Southern Doji – – –