ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.0298 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.03029 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03158 |
| 2nd High | 0.03087 |
| Next High | 0.03029 |
| Current Price | 0.029770000 |
| Next Low | 0.0298 |
| 2nd Low | 0.02977 |
| 3rd Low | 0.02964 |
0.03029 – 0.02991 – 0.02996 – 0.0298 – 0.02977 – 0.02964 —
0.029780000 – 0.029800000 —
29.916740365845 – 43.169609584046 —
– —
0.03029 – 1777226400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – – –