ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 0.023560000 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.023050000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.023950000 |
| 2nd High | 0.023700000 |
| Next High | 0.023560000 |
| Current Price | 0.023430000 |
| Next Low | 0.023050000 |
| 2nd Low | 0.022770000 |
| 3rd Low | 0.022500000 |
0.023560000 – 0.023340000 – 0.023300000 – 0.023220000 – 0.023050000 – 0.023050000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji –