ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline up.
A bullish ascent up to the next resistance at 0.039990000 is expected.
Caution: A possible change in the direction of the support line at 0.038510000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Bullish Belt Hold’ chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.040970000 |
| Next High | 0.039990000 |
| Current Price | 0.039090000 |
| Next Low | 0.038510000 |
| 2nd Low | 0.037670000 |
| 3rd Low | 0.037500000 |
0.039990000 – 0.040970000 – 0.041500000 – 0.038510000 – 0.039150000 – 0.040460000 — 51.580860647799 – 55.158176931747
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – Double bottom chart pattern – –