ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 0.039720000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.038580000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.039980000 |
| Next High | 0.039720000 |
| Current Price | 0.038860000 |
| Next Low | 0.038580000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.037670000 |
0.039720000 – 0.039980000 – 0.041500000 – 0.038580000 – 0.038510000 – 0.039150000 — 48.71502923577 – 49.981733137351
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Northern Doji – – –