ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline up.
An ascent upwards to the next resistance level at 0.025300000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.024940000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair is likely to rise.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.02531 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.025300000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. 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 | 0.025500000 |
| 2nd High | 0.025310000 |
| Next High | 0.025300000 |
| Current Price | 0.025290000 |
| Next Low | 0.024940000 |
| 2nd Low | 0.024690000 |
| 3rd Low | 0.024590000 |
0.025300000 – 0.025280000 – 0.025310000 – 0.024940000 – 0.024690000 – 0.024810000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji –