ETH/BTC – 4H – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.039460000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.034670000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.039460000 |
| Current Price | 0.038530000 |
| Next Low | 0.034670000 |
| 2nd Low | 0.029970000 |
| 3rd Low | 0.029950000 |
0.039460000 – 0.037100000 – 0.032410000 – 0.034670000 – 0.029970000 – 0.031760000 — 60.39569689318 – 60.942286098139
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –