The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
The bullish trend up to the next resistance at 0.02996 is likely expected.
Caution: A possible trend reversal in the direction of the support level at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
Additionally a ‘Three Outside Up’ candlestick pattern is discovered. The candles show ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03077 |
| 2nd High | 0.03056 |
| Next High | 0.02996 |
| Current Price | 0.029870000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.02996 – 0.02983 – 0.02989 – 0.02964 – 0.02965 – 0.02964 —
0.029920000 – 0.029860000 —
59.862231136645 – 47.439385087705 —
– —
0.02996 – 1777062600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Up – – –