ETH/BTC – 1H – BUY

The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.

An ascent upwards to the next resistance line at 0.032680000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 0.031760000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.03259048 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.032680000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.032680000 – 0.033020000 – 0.032490000 – 0.031760000 – 0.031850000 – 0.031460000 — 55.976976803298 – 60.446290784902

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double bottom chart pattern –