ETH/BTC – 30M – BUYNext a ‘Double top retreat up’ chart formation is discovered. The formation shows ‘Double top retreat up’. this is a bullish chart scenario. The currency pair is likely to rise.
The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline upwards
The bullish trend up to the next resistance level at 0.025500000 is expected.
Caution: A possible counter-trend in the direction of the support zone at is also possible.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.
Next a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025770000 |
| 2nd High | 0.025620000 |
| Next High | 0.025500000 |
| Current Price | 0.025190000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.025500000 – 0.025620000 – 0.025770000 – 0.025170000 – 0.025220000 – 0.024590000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up