ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 0.025480000 will persist.
Caution: A possible change in the direction of the support level at 0.024330000 is within the realm of possibility.
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 persist. Current target is 0.02548 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.025480000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.026180000 |
| 2nd High | 0.025810000 |
| Next High | 0.025480000 |
| Current Price | 0.025170000 |
| Next Low | 0.024330000 |
| 2nd Low | 0.023470000 |
| 3rd Low | 0.023090000 |
0.025480000 – 0.024720000 – 0.023700000 – 0.024330000 – 0.023470000 – 0.023520000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji