ETH/BTC – 4H – BUY

The combination Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance level at 0.025770000 is expected.

Caution: A possible counter-trend in the direction of the support level at 0.023050000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 0.02577 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.025770000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.025770000 – 0.023950000 – 0.023430000 – 0.023050000 – 0.021390000 – 0.023470000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Double bottom retreat down