ETH/BTC – 30M – BUYNext a ‘Double top retreat up’ chart pattern is discovered. The chart picture forms ‘Double top retreat up’. which is a bullish chart scenario. The pair is likely to go up.
The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.025310000 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.024810000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
Next a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025620000 |
| 2nd High | 0.025500000 |
| Next High | 0.025310000 |
| Current Price | 0.025070000 |
| Next Low | 0.024810000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023900000 |
0.025310000 – 0.025150000 – 0.025250000 – 0.024810000 – 0.025010000 – 0.024820000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up