The pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
An ascent up to the next resistance line at 0.02964 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.02955 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Belt Hold’ candle pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02982 |
| 2nd High | 0.02981 |
| Next High | 0.02964 |
| Current Price | 0.029510000 |
| Next Low | 0.02955 |
| 2nd Low | 0.02952 |
| 3rd Low | 0.02923 |
0.02964 – 0.02981 – 0.02982 – 0.02955 – 0.02952 – 0.02952 —
0.029550000 – 0.029540000 —
39.566627269384 – 39.298150665273 —
– —
0.02964 – 1777604400
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – – –