ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.026840000 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.026460000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.026840000 |
| Current Price | 0.027540000 |
| Next Low | 0.026460000 |
| 2nd Low | 0.024940000 |
| 3rd Low | 0.024690000 |
0.026840000 – 0.026740000 – 0.025570000 – 0.026460000 – 0.024940000 – 0.024690000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji –