ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance level at 0.035890000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.035160000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ candle chart pattern is discovered. The candles form ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.037100000 |
| Next High | 0.035890000 |
| Current Price | 0.035820000 |
| Next Low | 0.035160000 |
| 2nd Low | 0.034340000 |
| 3rd Low | 0.033330000 |
0.035890000 – 0.037100000 – 0.036110000 – 0.035160000 – 0.035570000 – 0.034340000 — 49.06798465249 – 57.141011590434
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Engulfing – – –