ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
An ascending movement up to the next resistance at 0.023780000 is considered certain.
Caution: A possible change in the direction of the support line at 0.023270000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024210000 |
| 2nd High | 0.023950000 |
| Next High | 0.023780000 |
| Current Price | 0.023740000 |
| Next Low | 0.023270000 |
| 2nd Low | 0.023220000 |
| 3rd Low | 0.023050000 |
0.023780000 – 0.023370000 – 0.023700000 – 0.023270000 – 0.023220000 – 0.023050000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Double bottom chart pattern