ETH/BTC – 30M – BUYThe currency pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 0.038930000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.038520000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The 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 | 0.039720000 |
| 2nd High | 0.039060000 |
| Next High | 0.038930000 |
| Current Price | 0.038830000 |
| Next Low | 0.038520000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.037670000 |
0.038930000 – 0.039060000 – 0.039720000 – 0.038520000 – 0.038580000 – 0.038810000 — 46.671620422062 – 51.881614644911
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – Double top retreat up – –