ETH/BTC – 4H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 0.035780000 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 0.033370000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candlestick chart pattern is found. The candles show ‘Three White Soldiers’. which is a positive chart scenario. 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.039540000 |
| 2nd High | 0.038320000 |
| Next High | 0.035780000 |
| Current Price | 0.035140000 |
| Next Low | 0.033370000 |
| 2nd Low | 0.031890000 |
| 3rd Low |
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three White Soldiers