ETH/BTC – 1H – BUY

The combination Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline upwards

A continuation of the uptrend up to the next resistance level at is expected.

Caution: A possible reversal of the trend in the direction of support at 0.024690000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. 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. Target of the current trend is 0.02937 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.029370000 – 0.028720000 – 0.025300000 – 0.024690000 – 0.024820000 – 0.024930000

Trading Signals: FOREX – ETH – ETH/BTC – BTC – Northern Doji – Double bottom chart pattern