ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.035460000 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.034000000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041140000 |
| 2nd High | 0.035630000 |
| Next High | 0.035460000 |
| Current Price | 0.035300000 |
| Next Low | 0.034000000 |
| 2nd Low | 0.032920000 |
| 3rd Low | 0.031890000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers