ETH/BTC – 1H – BUYThe pair breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.039870000 will continue.
Caution: A possible change in the direction of the support line at 0.037230000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.03875 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.039870000 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.040060000 |
| Next High | 0.039870000 |
| Current Price | 0.039130000 |
| Next Low | 0.037230000 |
| 2nd Low | 0.035230000 |
| 3rd Low | 0.034650000 |