Buy ETH/BTC – 4H – BUY

The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.

A continuation of the upward movement up to the next resistance at 0.0353 is expected.

Caution: A possible change in the direction of the support zone at 0.03335 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.0353 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.0353 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a positive 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 0.03698
2nd High 0.03687
Next High 0.0353
Current Price 0.035000000
Next Low 0.03335
2nd Low 0.03324
3rd Low 0.03264

0.03413 – 0.0342 – 0.0341 – 0.03335 – 0.03324 – 0.03336 — 70.741396960373 – 71.876056251669 — 95.311167680332 – 98.430431018995 – 84.856975608772 – 93.056474721251

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