ETH/BTC – 4H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 0.03393 is certain.
Caution: A possible change in the direction of the support line at 0.03209 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bullish Engulfing’ candlestick pattern is existing. The candles form ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03442 |
| 2nd High | 0.03435 |
| Next High | 0.03393 |
| Current Price | 0.033650000 |
| Next Low | 0.03209 |
| 2nd Low | 0.03201 |
| 3rd Low | 0.0309 |
0.03393 – 0.03365 – 0.03435 – 0.03209 – 0.03213 – 0.03224 — 57.28971046325 – 60.465508937163 — 61.959366611005 – 59.216369313813 – 76.565913207933 – 66.205426883133
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – – –