ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 0.040280000 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.038520000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Moreover a ‘Tweezers Bottom’ candle pattern is existing. The chart forms ‘Tweezers Bottom’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041100000 |
| 2nd High | 0.040440000 |
| Next High | 0.040280000 |
| Current Price | 0.039220000 |
| Next Low | 0.038520000 |
| 2nd Low | 0.038000000 |
| 3rd Low | 0.037670000 |
0.040280000 – 0.040440000 – 0.041100000 – 0.039700000 – 0.039980000 – 0.038520000 — 34.081402297364 – 38.218981843063
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Bottom – – –