ETH/BTC – 4H – BUY

Moreover a ‘Double top retreat up’ chart formation is existing. The chart picture shows ‘Double top retreat up’. this is a bullish chart scenario. The pair is likely to go up.

The pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline upwards

An ascent up to the next resistance level at 0.041500000 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.039280000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.0412404 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.041500000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. 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).

0.041500000 – 0.041630000 – 0.043270000 – 0.039280000 – 0.039580000 – 0.036070000 — 42.62127414399 – 49.425371972985

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up – –