Buy ETH/BTC – 1H – BUY

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

Download ETH/BTC Signal Image

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