The combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 0.02955 is certain.
Caution: A possible counter-trend in the direction of support at 0.02923 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.
Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.029625 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.02955 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candlestick pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0301 |
| 2nd High | 0.03002 |
| Next High | 0.02955 |
| Current Price | 0.029530000 |
| Next Low | 0.02923 |
| 2nd Low | 0.02912 |
| 3rd Low | 0.02888 |
0.02955 – 0.02953 – 0.02941 – 0.02923 – 0.02935 – 0.02927 —
0.029290000 – 0.029430000 —
31.858589716359 – 54.137943083919 —
– —
0.02955 – 1773572400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers – – –