ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance level at 0.036590000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.035400000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.03659 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.036590000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candle pattern is discovered. The chart forms ‘Three White Soldiers’. 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 success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038320000 |
| 2nd High | 0.037300000 |
| Next High | 0.036590000 |
| Current Price | 0.036560000 |
| Next Low | 0.035400000 |
| 2nd Low | 0.035380000 |
| 3rd Low | 0.034620000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers