The combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 0.030490000 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.029940000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.03081 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.030490000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.030810000 |
| Next High | 0.030490000 |
| Current Price | 0.030310000 |
| Next Low | 0.029940000 |
| 2nd Low | 0.029760000 |
| 3rd Low | 0.028440000 |
0.030490000 – 0.030810000 – 0.029370000 – 0.029940000 – 0.029760000 – 0.028440000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up