ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 0.025480000 will persist.
Caution: A possible change in the direction of the support level at 0.023470000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.026180000 |
| 2nd High | 0.025810000 |
| Next High | 0.025480000 |
| Current Price | 0.025550000 |
| Next Low | 0.023470000 |
| 2nd Low | 0.023090000 |
| 3rd Low | 0.022470000 |
0.025480000 – 0.024720000 – 0.023950000 – 0.023470000 – 0.023650000 – 0.023630000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji