ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.038400000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.035240000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish 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 | 0.038400000 |
| Current Price | 0.037550000 |
| Next Low | 0.035240000 |
| 2nd Low | 0.034110000 |
| 3rd Low | 0.034000000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers