ETH/BTC – 1H – BUY

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

A bullish ascent upwards to the next resistance at 0.039140000 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.038000000 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.03927 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.039140000 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. 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).

0.039140000 – 0.039270000 – 0.038820000 – 0.038000000 – 0.038410000 – 0.038220000 — 67.480028828505 – 68.399019765055

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