ETH/BTC – 1H – BUY

The currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards

An ascent upwards to the next resistance line at 0.032690000 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 0.031760000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘RSI cross above 30’ indicator signal is existing. The indicator is ‘RSI cross above 30’. which could be a positive chart scenario. The pair is likely to go up.

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.03224 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.032690000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bullish Engulfing’ candlestick pattern is detected. The chart shows ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

0.032690000 – 0.032680000 – 0.033020000 – 0.031760000 – 0.031760000 – 0.031850000 — 33.856438516145 – 40.27089459905

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – Double top chart pattern –