ETH/BTC – 4H – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.025740000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.023050000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.025740000 |
| Current Price | 0.024940000 |
| Next Low | 0.023050000 |
| 2nd Low | 0.021390000 |
| 3rd Low | 0.018540000 |
0.023950000 – 0.023430000 – 0.025740000 – 0.023050000 – 0.021390000 – 0.023470000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Head and Shoulder chart pattern