ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 0.031610000 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.029950000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘RSI fall below 30’ indicator layout is existing. The indicator is ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair could go down.
Also there is a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.032500000 |
| Next High | 0.031610000 |
| Current Price | 0.031490000 |
| Next Low | 0.029950000 |
| 2nd Low | 0.029760000 |
| 3rd Low | 0.024690000 |
0.031610000 – 0.031600000 – 0.032500000 – 0.029950000 – 0.030690000 – 0.029760000 — 59.536802586642 – 60.816752076272
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top chart pattern –