The pair Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.02941 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.02879 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.02928518 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.02941 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02972 |
| 2nd High | 0.02942 |
| Next High | 0.02941 |
| Current Price | 0.029130000 |
| Next Low | 0.02879 |
| 2nd Low | 0.02872 |
| 3rd Low | 0.02861 |
0.02941 – 0.0294 – 0.02942 – 0.0291 – 0.02904 – 0.02907 —
0.029000000 – 0.028970000 —
26.770311963995 – 38.692909062985 —
– —
0.02941 – 1772780400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers – Symmetrical Triangle Chart Pattern – –