ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 0.03433 is considered certain.
Caution: A possible change in the direction of the support level at 0.03382 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses above %D’ indicator layout is found. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair is likely to rise.
Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Moreover a ‘Bullish Engulfing’ candle pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03524 |
| 2nd High | 0.03437 |
| Next High | 0.03433 |
| Current Price | 0.034110000 |
| Next Low | 0.03382 |
| 2nd Low | 0.03376 |
| 3rd Low | 0.03353 |
0.03433 – 0.03437 – 0.03524 – 0.03442 – 0.03505 – 0.03445 — 36.96478417741 – 44.473690456012 — 4.2858753240897 – 20.632217255336 – 9.7320858227182 – 10.525998544775
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – Triple bottom chart pattern – –