ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) moves from the descending trendline upwards
An ascent up to the next resistance at 0.035310000 is likely expected.
Caution: A possible change in the direction of the support level at 0.033580000 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Engulfing’ candle chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.035980000 |
| 2nd High | 0.035670000 |
| Next High | 0.035310000 |
| Current Price | 0.034330000 |
| Next Low | 0.033580000 |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing