ETH/BTC – 30M – BUY

The pair Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance at 0.024360000 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at 0.023900000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.02429 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.024360000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. 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).

0.024290000 – 0.024090000 – 0.023730000 – 0.023900000 – 0.023270000 – 0.023310000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Head and Shoulder chart pattern