ETH/BTC – 30M – BUY

The combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.

A bullish ascent upwards to the next resistance level at 0.025180000 will persist.

Caution: A possible reversal of the trend in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 0.02534 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.025180000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.025180000 – 0.025340000 – 0.024290000 – 0.023900000 – 0.023270000 – 0.023310000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Head and Shoulder chart pattern