ETH/BTC – 4H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 0.039720000 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 0.038420000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041100000 |
| Next High | 0.039720000 |
| Current Price | 0.038910000 |
| Next Low | 0.038420000 |
| 2nd Low | 0.038210000 |
| 3rd Low | 0.038000000 |
0.039720000 – 0.041100000 – 0.041500000 – 0.038420000 – 0.038210000 – 0.038000000 — 49.208725364475 – 52.815686771688
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up – –