ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 0.038150000 will continue.
Caution: A possible counter-trend in the direction of support at 0.036610000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.0384 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.038150000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. 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 | 0.038400000 |
| Next High | 0.038150000 |
| Current Price | 0.037840000 |
| Next Low | 0.036610000 |
| 2nd Low | 0.035240000 |
| 3rd Low | 0.034110000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers