ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 0.041500000 is likely expected.
Caution: A possible counter-trend in the direction of support at 0.038510000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘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 | 0.043270000 |
| 2nd High | 0.041630000 |
| Next High | 0.041500000 |
| Current Price | 0.039090000 |
| Next Low | 0.038510000 |
| 2nd Low | 0.037670000 |
| 3rd Low | 0.037490000 |
0.041500000 – 0.040690000 – 0.040290000 – 0.038510000 – 0.039150000 – 0.040460000 — 42.288777378334 – 48.78782123063
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double bottom chart pattern – –