ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.024210000 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.023270000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.02378 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.024210000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024330000 |
| 2nd High | 0.024310000 |
| Next High | 0.024210000 |
| Current Price | 0.024010000 |
| Next Low | 0.023270000 |
| 2nd Low | 0.023220000 |
| 3rd Low | 0.023050000 |
0.023730000 – 0.023780000 – 0.023560000 – 0.023270000 – 0.023310000 – 0.023220000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Head and Shoulder chart pattern