The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 0.02991 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.02977 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘StochRSI %K crosses above 0.2’ indicator signal is existing. The indicator shows ‘StochRSI %K crosses above 0.2’. which is often a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Tweezers Bottom’ chart pattern is found. The candles show ‘Tweezers Bottom’. 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 success rate of a ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03056 |
| 2nd High | 0.02996 |
| Next High | 0.02991 |
| Current Price | 0.029850000 |
| Next Low | 0.02977 |
| 2nd Low | 0.02964 |
| 3rd Low | 0.02923 |
0.02991 – 0.0299 – 0.02996 – 0.02977 – 0.02983 – 0.02964 —
0.029890000 – 0.029850000 —
50.019603399502 – 36.572601415664 —
– —
0.02991 – 1777138200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Tweezers Bottom – – –