ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline upwards
A bullish trend upwards to the next resistance line at 0.037440000 is certain.
Caution: A possible trend reversal in the direction of the support line at 0.034670000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039190000 |
| 2nd High | 0.038660000 |
| Next High | 0.037440000 |
| Current Price | 0.036470000 |
| Next Low | 0.034670000 |
| 2nd Low | 0.031430000 |
| 3rd Low | 0.031290000 |
0.037440000 – 0.038660000 – 0.039190000 – 0.036560000 – 0.036790000 – 0.037290000 — 38.727082234763 – 41.46082664607
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –