ETH/BTC – 4H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) moves from the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 0.025410000 is expected.
Caution: A possible counter-trend in the direction of the support level at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.02502176 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.025410000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.026180000 |
| 2nd High | 0.025810000 |
| Next High | 0.025410000 |
| Current Price | 0.024530000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.025410000 – 0.025810000 – 0.024550000 – 0.023580000 – 0.023640000 – 0.023090000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji