ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 0.038910000 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.038400000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040440000 |
| 2nd High | 0.040280000 |
| Next High | 0.038910000 |
| Current Price | 0.038740000 |
| Next Low | 0.038400000 |
| 2nd Low | 0.038000000 |
| 3rd Low | 0.037670000 |
0.038910000 – 0.040280000 – 0.040440000 – 0.038400000 – 0.038930000 – 0.039700000 — 46.48996791825 – 50.544096366022
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Rising Wedge Chart Pattern – –