ETH/BTC – 1H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.024330000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.023270000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Belt Hold’ chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025740000 |
| 2nd High | 0.024400000 |
| Next High | 0.024330000 |
| Current Price | 0.024350000 |
| Next Low | 0.023270000 |
| 2nd Low | 0.023220000 |
| 3rd Low | 0.023050000 |
0.024090000 – 0.023780000 – 0.023370000 – 0.023270000 – 0.023220000 – 0.023050000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Bullish Belt Hold – Head and Shoulder chart pattern