ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 0.03473 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.03443 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Engulfing’ candle chart pattern is existing. The candles show ‘Bullish Engulfing’. which 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’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03515 |
| 2nd High | 0.03489 |
| Next High | 0.03473 |
| Current Price | 0.034630000 |
| Next Low | 0.03443 |
| 2nd Low | 0.03413 |
| 3rd Low | 0.03388 |
0.03473 – 0.03489 – 0.03515 – 0.03443 – 0.03413 – 0.03421 — 57.79530696069 – 59.735630324255 — 100 – 100 – 100 – 100
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – Double bottom chart pattern – –