ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance at will continue.
Caution: A possible trend reversal in the direction of support at 0.024690000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.030450000 |
| Next Low | 0.024690000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023270000 |
0.029370000 – 0.028720000 – 0.025300000 – 0.024690000 – 0.024820000 – 0.024930000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Inverse Head and Shoulder chart pattern