ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 0.03289 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 0.03209 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bullish Engulfing’ candle chart pattern is found. The chart forms ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03306 |
| 2nd High | 0.03292 |
| Next High | 0.03289 |
| Current Price | 0.032600000 |
| Next Low | 0.03209 |
| 2nd Low | 0.03201 |
| 3rd Low | 0.0309 |
0.03289 – 0.03272 – 0.03292 – 0.03209 – 0.03225 – 0.03213 — 49.70214784868 – 53.330765842447 — 60.173659136315 – 62.499359663952 – 64.658145928317 – 63.226781414887
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – Rising Wedge Chart Pattern – –