ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 0.025620000 is expected.
Caution: A possible change in the direction of the support line at 0.025220000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025810000 |
| 2nd High | 0.025770000 |
| Next High | 0.025620000 |
| Current Price | 0.025470000 |
| Next Low | 0.025220000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023900000 |
0.025620000 – 0.025770000 – 0.025180000 – 0.025220000 – 0.024590000 – 0.023900000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Bullish Belt Hold –