ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.038250000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.035900000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.037 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.038250000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.038250000 |
| Current Price | 0.037200000 |
| Next Low | 0.035900000 |
| 2nd Low | 0.035240000 |
| 3rd Low | 0.034110000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers