The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 0.02713 is expected.
Caution: A possible counter-trend in the direction of support at 0.02692 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.
Also there is a ‘MACD Hidden Bullish Divergence’ indicator layout is existing. The indicator is ‘MACD Hidden Bullish Divergence’. this is usually a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.02717256 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.02713 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0273 |
| 2nd High | 0.02725 |
| Next High | 0.02713 |
| Current Price | 0.027110000 |
| Next Low | 0.02692 |
| 2nd Low | 0.02676 |
| 3rd Low | 0.02663 |
0.02713 – 0.02725 – 0.0273 – 0.02692 – 0.02693 – 0.02676 —
0.026940000 – 0.026970000 —
38.658530788736 – 49.018569862126 —
– —
0.02713 – 1781859600