ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 0.023560000 is expected.
Caution: A possible change in the direction of the support level at 0.023220000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Bullish Engulfing’ candle chart pattern is discovered. The candles show ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.023950000 |
| 2nd High | 0.023700000 |
| Next High | 0.023560000 |
| Current Price | 0.023390000 |
| Next Low | 0.023220000 |
| 2nd Low | 0.023050000 |
| 3rd Low | 0.022770000 |
0.023560000 – 0.023340000 – 0.023300000 – 0.023220000 – 0.023050000 – 0.023050000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Bullish Engulfing –