ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.037350000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.036900000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Tweezers Bottom’ chart pattern is existing. The chart forms ‘Tweezers Bottom’. 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 ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039540000 |
| 2nd High | 0.038320000 |
| Next High | 0.037350000 |
| Current Price | 0.037050000 |
| Next Low | 0.036900000 |
| 2nd Low | 0.036560000 |
| 3rd Low | 0.035580000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Bottom