ETH/BTC – 1H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.023950000 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.023270000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024310000 |
| 2nd High | 0.024210000 |
| Next High | 0.023950000 |
| Current Price | 0.024010000 |
| Next Low | 0.023270000 |
| 2nd Low | 0.023220000 |
| 3rd Low | 0.023050000 |
0.023780000 – 0.023370000 – 0.023700000 – 0.023270000 – 0.023220000 – 0.023050000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Head and Shoulder chart pattern