ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.025480000 is certain.
Caution: A possible counter-trend in the direction of the support zone at 0.024330000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bullish Engulfing’ candle pattern is existing. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.026180000 |
| 2nd High | 0.025810000 |
| Next High | 0.025480000 |
| Current Price | 0.025240000 |
| Next Low | 0.024330000 |
| 2nd Low | 0.023470000 |
| 3rd Low | 0.023090000 |
0.025480000 – 0.024720000 – 0.023700000 – 0.024330000 – 0.023470000 – 0.023520000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Bullish Engulfing