The combination Ethereum/Bitcoin (ETH/BTC) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.041630000 is certain.
Caution: A possible counter-trend in the direction of support at 0.039910000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.04163 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.041630000 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.043270000 |
| Next High | 0.041630000 |
| Current Price | 0.041450000 |
| Next Low | 0.039910000 |
| 2nd Low | 0.039280000 |
| 3rd Low | 0.037670000 |
0.040690000 – 0.040290000 – 0.040880000 – 0.039910000 – 0.039280000 – 0.039600000 — 70.42185739748 – 72.79694962026
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Inverse Head and Shoulder chart pattern – –