ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline up.
A bullish ascent upwards to the next resistance at 0.035670000 is expected.
Caution: A possible change in the direction of the support zone at 0.034620000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bullish Engulfing’. which 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 chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.038250000 |
| 2nd High | 0.035980000 |
| Next High | 0.035670000 |
| Current Price | 0.034950000 |
| Next Low | 0.034620000 |
| 2nd Low | |
| 3rd Low |