The combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 0.03289 will persist.
Caution: A possible counter-trend in the direction of support at 0.03213 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.032595 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.03289 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03306 |
| 2nd High | 0.03292 |
| Next High | 0.03289 |
| Current Price | 0.032670000 |
| Next Low | 0.03213 |
| 2nd Low | 0.03212 |
| 3rd Low | 0.03201 |
0.03289 – 0.03272 – 0.03292 – 0.03225 – 0.03213 – 0.03234 — 50.617437101337 – 58.568088412051 — 35.43073886448 – 68.764072197813 – 21.401309322026 – 39.850700924955
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Rising Wedge Chart Pattern – –