ETH/BTC – 30M – BUYThe combination Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 0.032050000 is certain.
Caution: A possible trend reversal in the direction of the support zone at 0.031430000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘StochRSI cross above 20’ indicator layout is detected. The indicator shows ‘StochRSI cross above 20’. which could be a positive chart signal. The pair is likely to go up.
Then a ‘Bullish Engulfing’ candle pattern is detected. The chart forms ‘Bullish Engulfing’. which 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 ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.032690000 |
| 2nd High | 0.032410000 |
| Next High | 0.032050000 |
| Current Price | 0.031970000 |
| Next Low | 0.031430000 |
| 2nd Low | 0.031290000 |
| 3rd Low | 0.030380000 |
0.032050000 – 0.031730000 – 0.032410000 – 0.031430000 – 0.031290000 – 0.031640000 — 59.482320723402 – 63.402160983784
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – Triple bottom chart pattern – –