ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.040130000 is likely expected.
Caution: A possible change in the direction of the support level at 0.037200000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.03837 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.040130000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.040130000 |
| Current Price | 0.037760000 |
| Next Low | 0.037200000 |
| 2nd Low | 0.036610000 |
| 3rd Low | 0.036500000 |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers