ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 0.031600000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 0.030690000 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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 | 0.032500000 |
| 2nd High | 0.032230000 |
| Next High | 0.031600000 |
| Current Price | 0.031010000 |
| Next Low | 0.030690000 |
| 2nd Low | 0.029940000 |
| 3rd Low | 0.029760000 |
0.031600000 – 0.031450000 – 0.032230000 – 0.030690000 – 0.030690000 – 0.031790000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top chart pattern –