ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 0.039970000 will continue.
Caution: A possible change in the direction of the support line at 0.038770000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bullish Belt Hold’ candle chart pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040970000 |
| 2nd High | 0.039990000 |
| Next High | 0.039970000 |
| Current Price | 0.039940000 |
| Next Low | 0.038770000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.037670000 |
0.039970000 – 0.039110000 – 0.039990000 – 0.038770000 – 0.038510000 – 0.039150000 — 59.361330990255 – 63.688921367946
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bullish Belt Hold – – –