The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 0.034650000 is expected.
Caution: A possible trend reversal in the direction of support at 0.031890000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.03482964 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.034650000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three White Soldiers’ candle chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.041140000 |
2nd High | 0.035630000 |
Next High | 0.034650000 |
Current Price | 0.033910000 |
Next Low | 0.031890000 |
2nd Low | |
3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers