ETH/BTC – 30M – BUY

The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance level at 0.03019 is expected.

Caution: A possible counter-trend in the direction of the support level at 0.02998 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

In addition a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

0.03019 – 0.03024 – 0.0302 – 0.02998 – 0.02979 – 0.02985 —
0.030140000 – 0.030140000 —
52.457363502918 – 54.530193184873 —
– —
0.03019 – 1774681200

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – – –