ETH/BTC – 4H – BUYBesides a ‘Double top retreat up’ chart pattern is discovered. The chart forms ‘Double top retreat up’. which is a positive pattern signal. The currency pair is likely to go up.
The combination Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline upwards
An ascending movement upwards to the next resistance line at 0.041500000 is expected.
Caution: A possible change in the direction of the support level at 0.039280000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.0412404 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 0.041500000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.043270000 |
| 2nd High | 0.041630000 |
| Next High | 0.041500000 |
| Current Price | 0.039770000 |
| Next Low | 0.039280000 |
| 2nd Low | 0.036070000 |
| 3rd Low | 0.034670000 |
0.041500000 – 0.041630000 – 0.043270000 – 0.039280000 – 0.039580000 – 0.036070000 — 42.62127414399 – 49.425371972985
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up – –